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Separately, XM Satellite Radio announced a deal with Audiovox Electronics to market the new Audiovox XR9 plug-and-play satellite radio to its subscribers. The unit can be plugged into a car or into a receiver at home. XM Satellite Radio is available in 80 different 2004 car models.
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.
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.
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.
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.
XM-Sirius Deal Gets Grilling on the Hill CA - Mar 1, 2007 It's clear Sirius Satellite Radio Chief Executive Mel Karmazin and his counterparts at XM are willing to play ball with the government in exchange for a ...