Breaking: XM and Sirius officially merge!

Posted February 20, 2007 at 04:17 AM by Doug Berger

Section: News, Audio, Satellite / HD Radio

Earlier today, there were rumors regarding a possible merger between satellite radio giants XM Radio and Sirius.  Now, reports have come through that the merger is official - and an official press conference is scheduled for tomorrow.

Is this crazy news or what?  Both XM and Sirius have spoken of a possible merger for what seems like years.  Due to regulatory hurdles, the deal was never even attempted.  Now, it looks like they may have found a loophole in the law, and they’re making the plunge.  I personally think that the FCC will never let this happen.  If so, this would indeed create a monopoly in the satellite radio industry.

Looks like we’ll have to wait until tomorrow to get the full scoop, so stay tuned.

Press Release [XM] Via [Gizmodo]