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Despite the uncertainty of Stern and the slow fade of satellite radio itself, Sirius XM is in surprisingly decent shape. It remains highly profitable, and the stock is trading for less than 7.5 ...
On February 19, 2007, Sirius announced a merger deal with competitor XM Satellite Radio. [27] If the pending merger received government approval, which was required because of antitrust considerations, it would combine the two services into a single satellite radio network in the United States and would be named Sirius/XM Radio.
Sirius XM Holdings (NASDAQ: SIRI), the operator of the country's only satellite radio company, provided a disappointing update on its financial performance on Tuesday. It also named a new chief ...
On July 29, 2008, XM and former competitor Sirius Satellite Radio formally completed their merger, following U.S. Federal Communications Commission (FCC) approval, forming Sirius XM Radio, Inc. with XM Satellite Radio, Inc. as its subsidiary. [1] On November 12, 2008, Sirius and XM began broadcasting with their new, combined channel lineups. [2]
Sirius XM rose to fame with its satellite radio subscription service. The key to the company's success was making deals with automakers to bundle its service with a new car purchase, making the ...
The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed it. [4] The merger created a company with 18.5 million subscribers, [ 4 ] and the deal was valued at US$ 3.3 billion (equivalent to $4.6 billion in 2023), not ...