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Combined Company Has Over 18.5 Million Subscribers, Annualized Second Quarter Revenue Exceeding $2.4 Billion.
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XM Satellite Radio and SIRIUS Satellite Radio today announced that the companies have agreed not to exercise their rights to terminate the Merger Agreement until May 1, 2008.
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Today, after months of speculation, XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. announced they have agreed to merge.
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Sirius Satellite Radio Inc. said Tuesday that it gave shock jock Howard Stern an $82.9 million stock bonus after the satellite radio service provider beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.
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