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XM and Sirius to Merge
02/20/07
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(SMN) Rivals XM Satellite Radio Holdings Inc. and Sirius Satellite Radio announced Monday they would enter into a merger of equals, creating a satellite radio giant.

XM and Sirius said they would each own half of the combined company, which would have a market value of roughly $13 billion, including approximately $1.6 billion in net debt.[see full story for more] - Click here for the Full Story

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