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XM Sirius Agree to Merge in Satellite Radio Tie Up
New York firms XM Satellite Radio and Sirius Satellite Radio said they would merge to form a single company with equal ownership. The deal faces FCC antitrust scrutiny and possible DOJ approval, while executives Karmazin and Parsons would lead the combined entity.
MENTIONED IN THIS ARTICLE
Sirius
New York
XM Satellite Radio Holdings Inc
Sirius Satellite Radio Inc
Mel Karmazin
Gary Parsons
Hugh Panero
Washington
Federal Communications Commission
Department of Justice
Parsons, Karmazin
General Motors Corp
Honda Motor Co
New York Post
Bear Stearns
Sanford C. Bernstein
Craig Moffett
Moffett
FCC
National Association of Broadcasters
XM Satellite Radio
Sirius Satellite Radio
Washington, D.C