What is that - the cost to replace all the Sirius subscriber's radios? :-P

Thats spare change for the King (The Howard).

I once worked for a company that made a merger offer to one of it's competitors...long story short, they ended up NOT merging with us, and we were paid a break-up fee. So, if that's a model at all, the aquiring company (Sirius) would be due a fee from the to-be-acquired company (XM). But seeing as the obsticles are going to be regulatory, rather than competitive, I don't know.

I think the break-up fee goes to Howard -- why not, Sirius gave him everything else!

Who cares about the break up fee? What I care about is the fact that if this goes through, everything that we have come to love about XM and Sirius respectively will be lost. The current pricing is fair and channel selection good, but with a merger, this would completely change. Don't these companies, their CEOs, shareholders and media "kings" like Howard Stern already make enough money?

OK, now we know...it's reciprical, and based only on the merger not being approved by shareholders. IOW, never gonna happen.

Just boilerplate language that the lawyers insisted on...

I don't think the merger should be approved. I like XM as it is now, not to mention the sound quality on XM, in my opinion, is better than Sirius both in my car and online. Sirius sounds like it is being broadcast with an echo over the Internet. With my luck the new company would broadcast on Sirius satellites and change my favorite channels on XM. What would happen to all the GM cars with XM? I don't want to lose the sound quality or content for possibly higher prices. I like Howard, but I don't think it is worth it. We shall see though.