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Tuesday, Jul 24
XM and Sirius Detail New Plans for Merger
Sirius Satellite Radio Inc. announced last February that it would acquire XM Satellite Radio Holdings Inc. for $4.7 billion. The combination requires approval from antitrust regulators and the Federal Communications Commission.
Tuesday, May 1
An Uphill Climb for XM-Sirius Merger
In February, when Sirius Satellite Radio Chief Executive Mel Karmazin announced plans to merge his company with rival XM Satellite Radio, he pegged the chances of winning deal approval from regulators at "better than 50%." At the time, many investors and analysts agreed with his math.
Sirius Satellite Quarterly Losses Narrow
Sirius Satellite Radio Inc. on Tuesday reported a narrower loss for its first quarter compared with the same period a year ago, when it recorded $225 million in expenses for stock paid to Howard Stern. Sirius, which has reached an agreement to acquire its rival XM Satellite Radio Holdings I...
Wednesday, Apr 18
Sirius CEO Faces Skeptics in Senate
A Senate committee chairman said Tuesday Sirius Satellite Radio Inc. has "a steep hill to climb" in showing that its proposed purchase of XM Satellite Radio Holdings Inc. will not hurt competition in the audio entertainment market.
Wednesday, Mar 21
Sirius: XM Deal Would Reduce Prices
Satellite radio customers will get the option to pay a lower price for just the channels they want if the industry's two big providers are allowed to merge, Sirius Satellite Radio Inc. said Wednesday in a securities filing of its bid to buy XM Satellite Radio Holdings Inc.
Tuesday, Feb 27
Sirius Narrows 4Q Loss to $245.6 Million
Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday as revenues more than doubled. The companies describe the transaction as a merger of equals, but Sirius is paying a premium for XM's s...
