Tuesday, February 20, 2007

$13B U.S. deal aims for satellite radio monopoly

$13B U.S. deal aims for satellite radio monopoly: "Betting that regulators will let it go ahead, the two players in satellite radio have signed an all-stock merger valued at $13 billion US.

The combination of Sirius Satellite Radio and XM Satellite Radio would create a monopoly in the business of beaming commercial-free music and other programming from earth orbit to people willing to buy a special radio and pay fees of about $15 Cdn a month."

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