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Bloomberg.com: U.s.
Posted on 02/20/2007 23:19 PM | Link | Post Comment
Bloomberg.com: U.S.: "Sirius Satellite Radio Inc.'s agreement to buy rival XM Satellite Radio Holdings Inc. for $4.57 billion in stock is a bet that U.S. regulators will alter rules that bar the only two pay-radio companies from combining.
Shares of XM may rise on the agreement, announced yesterday when U.S. markets were closed for a holiday. The terms value Washington-based XM at $17.02 a share
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