Sirius acquires XM in satellite radio merger
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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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The planned $13 billion merger of the nationâs two satellite radio services, Sirius and XM, is sure to raise antitrust issues.
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By Richard Siklos  The chief executive of Sirius Satellite Radio, Mel Karmazin, is taking the campaign to sell his company's proposed merger with XM Satellite Radio to Washington. On Monday, Karmazin appeared on the often-bawdy Howard Stern show on Sirius.
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U.S. satellite radio providers Sirius   and XM  said on Monday they can offer  consumers a variety of subscription packages that cost up to 46  percent less than current plans if their merger is approved.
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By Seth Sutel  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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Satellite radio rivals XM and Sirius yesterday agreed to a $13 billion dollar merger that's likely to face tough opposition from antitrust regulators and could be disruptive to millions of subscribers who may have to buy new radios and accept fewer listening options.
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In the latest battle for distribution and subscribers, XM Satellite Radio Inc. and its rival Sirius Satellite Radio Inc. yesterday announced separate deals with Toyota Motor Sales U.S.A. Inc.
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Sirius continues to make serious inroads into XM's lead in satellite radio. On Wednesday, both companies announced their quarterly subscriber adds, and the smaller company continued to beat its larger rival by a 2-to-1 margin.
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The two main U.S. satellite radio  providers, Sirius Satellite Radio  and XM Satellite  Radio  on Monday said they would merge in a  stock-for-stock deal, a move that has been long expected in the  young industry.
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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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XM and Sirius feel the urge to merge.  What does the future hold for the former rivals?
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XM and Sirius are winning support for their once-controversial merger.
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The two main U.S. satellite radio providers, Sirius Satellite Radio and XM Satellite Radio on Monday said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry.
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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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If the merger between XM Satellite Radio and Sirius Satellite Radio is approved, the combined company would offer new pricing plans to allow consumers to pay only for the stations they want, Sirius chief executive Mel Karmazin said yesterday.
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Here's what to expect if the Justice Department and the Federal Communications Commission allow Sirius and XM to merge, creating a monopoly in the satellite radio business:
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The planned merger of the nationâs two largest satellite radio services, XM and Sirius, raises questions about antitrust issues.