Sirius to buy XM in $4.6 billion stock deal
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Sirius Satellite Radio agreed to buy larger U.S. rival XM Satellite Radio for $4.6 billion in stock on Monday in a deal that gives all subscribers access to entertainers such as Oprah Winfrey and shock-jock Howard Stern.
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Deutsche Telekom AG, Europe's biggest telecommunications company, said Monday it will buy the remainder of SunCom Wireless Holdings Inc. for $1.6 billion in cash.
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Sirius Satellite Radio plans to buy U.S. rival XM Satellite Radio for $4.6 billion in stock to bring entertainers such as Oprah Winfrey and shock-jock Howard Stern under one roof, but a top regulator said the deal would face a tough time winning approval.
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Top U.S. satellite radio service XM Satellite Radio Holdings Inc on Wednesday said it has signed a deal to air games from Major League Baseball for the next 11 years in a deal worth &#36;650 million.
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The two main satellite radio providers, XM Satellite Radio Holdings Inc. and Sirius are expected to announce a long-awaited merger on Monday, according to the New York Post.
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The U.S.'s two satellite radio operators, Sirius Satellite RadioÂ and XM Satellite Radio Holdings announced Monday they plan to merge, pending a potentially difficult approval process.
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U.S. satellite radio  companies Sirius and XM promised on Monday a variety of  subscription packages that cost up to 46 percent less than  current plans if their merger is approved.
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Warren E. Buffett agreed Tuesday to buy a $4.5 billion stake in Marmon Holdings, an industrial holding firm, with the goal of someday owning all of it.
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By SETH SUTEL NEW YORK - XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in lower costs, assuming it overcomes significant regulatory hurdles.
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Sirius Satellite Radio  and XM Satellite Radio  shares jumped on Tuesday after the companies announced a merger plan, although a top regulator said the deal would face a tough review.
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Sirius Satellite Radio Inc.'s  chief executive will defend the company's plan to purchase XM Satellite Radio Holdings Inc.  at a House telecommunications panel hearing on Wednesday.
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The head of Sirius Satellite Radio  Inc. told U.S. lawmakers on Wednesday he was ready to make  concessions, such as capping prices, to win federal approval of  its proposed purchase of XM Satellite Radio Holdings Inc.
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Sirius Satellite Radio Inc. and XM  Satellite Radio Holdings Inc. pledged on Tuesday to work with  regulators to close their proposed $4.9 billion merger by  year's end, seeking to calm concerns that U.S. antitrust  authorities would block the deal.
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By Seth Sutel  NEW YORK - XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in significantly reduced costs.
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Shares of Sirius Satellite Radio Inc.  look pricey despite the company's new five-year, &#36;500 million pact with shock jock Howard Stern to air his program starting in 2006, according to the latest edition of Barron's, the weekly financial newspaper.
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By Bloomberg News. Shares of Sirius Satellite Radio Inc. rose sharply yesterday after the company said that it had surpassed a year-end goal of attracting one million subscribers.
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Radio titan Howard Stern and leading Sirius Satellite Radio announced today a five-year, multimillion dollar deal to air Stern&#39;s show on the satellite radio provider as of Jan. 1, 2006.