Sirius and XM may merge, report says

pr0digal jenius · Jan 26, 2005, 11:12 AM

Executives of satellite radio rivals Sirius Satellite Radio and XM Satellite Radio Holdings have been meeting lately to discuss the possibility of a merger, the New York Post reported Wednesday, citing several sources close to the matter.

The newspaper said that the talks have not advanced far and that executives have not yet discussed price, but have been weighing any potential antitrust concerns that would arise from a deal.

The two companies have talked in the past about merging, according to the article, but the discussions never got to an advanced stage.

The newspaper said a deal could be at least a year away.

Sirius spokesman Jim Collins said the company does not comment on rumors. Officials at XM Satellite were not immediately available to comment.

Sirius executives have in the past said that they believe the Federal Communciations Commission would take issue with such a deal. The two companies now operate under separate FCC licenses.

Separately Wednesday, Sirius posted a wider quarterly loss and forecast 2005 sales below analysts' average targets, sending its shares down 3.9 percent.

Sirius forecast full-year 2005 sales of $210 million, compared with the $214.56 million expected by analysts, on average, according to Reuters Estimates.
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Source/Read More: C|Net

FDM80 · Jan 26, 2005, 02:35 PM

Can you say "monopoly"?

Dom · Jan 26, 2005, 03:01 PM

This would be huge.

pr0digal jenius · Jan 26, 2005, 04:06 PM

it's a monopoly, but it's such a restricted market, I doubt anyone will care

Jan 26, 2005, 11:12 AM	#1
pr0digal jenius Delete Me Join Date: Mar 2004 Posts: 14,672 Rep Power: 0	Sirius and XM may merge, report says Executives of satellite radio rivals Sirius Satellite Radio and XM Satellite Radio Holdings have been meeting lately to discuss the possibility of a merger, the New York Post reported Wednesday, citing several sources close to the matter. The newspaper said that the talks have not advanced far and that executives have not yet discussed price, but have been weighing any potential antitrust concerns that would arise from a deal. The two companies have talked in the past about merging, according to the article, but the discussions never got to an advanced stage. The newspaper said a deal could be at least a year away. Sirius spokesman Jim Collins said the company does not comment on rumors. Officials at XM Satellite were not immediately available to comment. Sirius executives have in the past said that they believe the Federal Communciations Commission would take issue with such a deal. The two companies now operate under separate FCC licenses. Separately Wednesday, Sirius posted a wider quarterly loss and forecast 2005 sales below analysts' average targets, sending its shares down 3.9 percent. Sirius forecast full-year 2005 sales of $210 million, compared with the $214.56 million expected by analysts, on average, according to Reuters Estimates. _______________ Source/Read More: C\|Net

Jan 26, 2005, 02:35 PM	#2
FDM80 DriverHeaven Lover Join Date: Mar 2003 Location: Silver Spring, MD Posts: 136 Rep Power: 0	Can you say "monopoly"?

Jan 26, 2005, 03:01 PM	#3
Dom DriverHeaven Extreme Member Join Date: Jun 2002 Posts: 12,942 Rep Power: 0	This would be huge.

Jan 26, 2005, 04:06 PM	#4
pr0digal jenius Delete Me Join Date: Mar 2004 Posts: 14,672 Rep Power: 0	it's a monopoly, but it's such a restricted market, I doubt anyone will care