Sirius, XM to merge

In a merger of the two major satellite radio players, XM Satellite and Sirius Satellite announced Monday that they plan to join forces.

The deal, an all-stock merger worth about $13 billion, according to a statement, would create a single satellite radio giant with about 14 million subscribers.

The companies plan to reveal more details in a conference call on Tuesday.

Tags:
Tech Culture
About the author

Daniel Terdiman is a senior writer at CNET News covering Twitter, Net culture, and everything in between.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
Tech industry's high-flying 2014
Uber's tumultuous ups and downs in 2014 (pictures)
The best and worst quotes of 2014 (pictures)
A roomy range from LG (pictures)
This plain GE range has all of the essentials (pictures)
Sony's 'Interview' heard 'round the world (pictures)