XM and SIRIUS Come Together…

Author: MegaTechNews

Well, it looks like the two companies are finally putting down the guns and are joining together. Question is, who’s the dog and who’s the master?

WASHINGTON and NEW YORK, Feb. 19 /PRNewswire-FirstCall/ — XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio (NASDAQ: SIRI) today announced that they have entered into a definitive agreement, under which the companies will be combined in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $13 billion, which includes net debt of approximately $1.6 billion.

Source: XM Media Room

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