Sirius and XM Satt Radio merge

**Sarge** · 02-19-2007, 02:01 PM

SIRIUS and XM to Combine in $13 Billion Merger of Equals
Monday February 19, 2:47 pm ET

Provides Consumers with Enhanced Content, Greater Choices and Accelerated Technological Innovation

Enables Satellite Radio to Better Compete in Rapidly Evolving Audio Entertainment Industry

Extraordinary Value Creation for Shareholders

Mel Karmazin to Serve as Chief Executive Officer and Gary Parsons to Serve as Chairman of Combined Company

WASHINGTON and NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR - News) and SIRIUS Satellite Radio (Nasdaq: SIRI - News) 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.

Under the terms of the agreement, XM shareholders will receive a fixed exchange ratio of 4.6 shares of SIRIUS common stock for each share of XM they own. XM and SIRIUS shareholders will each own approximately 50 percent of the combined company.

**AKIRA** · 02-19-2007, 02:09 PM

That sounds awesome. Now what will be in store for us customers?

**hammy_69357** · 02-19-2007, 02:54 PM

Monopoly. More money!

**joerockhead** · 02-19-2007, 03:40 PM

No shit, who will the compete?

**Sarge** · 02-19-2007, 04:00 PM

They say..."to better compete against the automotive entertainment industry".....watch...just like cable tv...fucking rates are gonna skyrocket....

**0rion** · 02-22-2007, 12:11 AM

this can only be bad for us. The good news is I can drop their shit like it's hot and go back to the regular radio for free.

Any of you guys have or have heard HD radio? I keep hearing the ads for it and wondering how in the hell do you get HD radio? To me radio is either staticy ( new word) or it ain't (old word).

**CaptainCaveMan** · 02-22-2007, 04:45 AM

Originally Posted by 0rion

this can only be bad for us. The good news is I can drop their shit like it's hot and go back to the regular radio for free.

As long as the prices don't get to bad i will pay it. I'm not about to go back to "free" radio and only hear things the government has approved for me. (FCC) Between shitty commercials for local used car dealerships.

**Sarge** · 02-22-2007, 05:04 AM

Originally Posted by 0rion

this can only be bad for us. The good news is I can drop their shit like it's hot and go back to the regular radio for free.

Any of you guys have or have heard HD radio? I keep hearing the ads for it and wondering how in the hell do you get HD radio? To me radio is either staticy ( new word) or it ain't (old word).

http://www.hdradio.com/

**SLIM_DURST** · 02-22-2007, 05:13 AM

it stil has to be approved by the FCC. hopefully it won't or you can watch the prices tripple.
fuck all of that anyways - I have a mp3 player with 80 gigs on it (old one i dropped it and hard drive died and put in new 80 gig drive.) that doesnt quite hold all my mp3's, but it holds just about all rock n roll that matters, and other types of music and audio.

**whitelightnin99** · 02-22-2007, 05:47 AM

Originally Posted by joerockhead

No shit, who will the compete?

lady here says someone she knows at Nextel said they are getting in the market

**amon37** · 02-22-2007, 07:15 AM

Originally Posted by SLIM_DURST

it stil has to be approved by the FCC. hopefully it won't or you can watch the prices tripple.
fuck all of that anyways - I have a mp3 player with 80 gigs on it (old one i dropped it and hard drive died and put in new 80 gig drive.) that doesnt quite hold all my mp3's, but it holds just about all rock n roll that matters, and other types of music and audio.

Agreed. Why would I pay for commercial free radio when I can play MP3's and have a playlist with no commercials and 100% of the songs I like.