TheStreet: Satellite Radio Merger "Imminent"
Monday, February 5, 2007 at 8:52 PM
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TheStreet.com columnist Doug Kass is reporting that he's hearing that a combination of Sirius and XM is "imminent." Of course, further details are lacking. Bummer.
Amazingly, even though this "report" was published at 9am this morning on Street Insight, it didn't seem to do much in terms of moving either stock. Perhaps investors are looking for a bit more than just a hunch nowadays?
Or maybe - among frenzied iPhone service rumors (yes, from the same source) - the proof is in the pudding? Either way, I'm just psyched we can talk about a rumored merger again!
[TheStreet]
Thanks Jonathan!
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Comments
*yawn*
Posted by: steve | February 5, 2007 10:14 PM
I've gone on record to state that this will never happen.
Posted by: Homer | February 6, 2007 9:04 AM
It will be proposed in a "offer", stocks will jump, two companies will put a "bit of effort" into merging.....
...people (CEO, Stern, Board Members, Ect) will cash out their options at inflated prices.....
...then they will give up the merger because of "regulatory problems/roadblocks"
Stocks will plumet to where they are today if not lower.
Posted by: PNess ? | February 6, 2007 12:20 PM
a merger comming yes.. XM and Sirius.. NO.
"Sirius merges with Sirius Canada" gains 200,000 subscribers
Hey .. lets think abou preception.... When anyone says "merger" what do you think of?
I bet its not a merger of XM and Sirius in to one receiver unit.
What do they keep meaning by merger.. and from who are they getting this "Inside information" What if Hugh said.. we are merging meaning XM is comming out with a dual receiver merged in to one unit?
Posted by: jeff | February 6, 2007 12:52 PM
Concerned about the possibility of an XM-Sirius satellite radio merger? Want to learn more about the consumers’ perspective? Want to blog with XM and Sirius subscribers? Check out www.c3sr.org - the Consumer Coalition for Competition in Satellite Radio ("C3SR") website and blog. Through the participation and support of subscribers and volunteers, C3SR – the only consumer group in existence today solely dedicated to advocating on behalf of satellite radio subscribers – is committed to opposing the creation of a monopoly in satellite radio, and ensure continued consumer choice and competition.
Posted by: w. | February 7, 2007 4:26 PM
Hopefully customer service from both companies willl inprove. XM customer service is terrible.
Posted by: Rick | February 20, 2007 11:38 AM
What happened to the basic government responsibility to prevent the only 2 forces in the marketplace from forming a monopoly? Our executive branch has lead the charge against laws protecting citizens rights and the agencies, commissions and courts are not far behind.
Posted by: Steve | August 1, 2007 1:03 PM