Report: Sirius, XM have met to talk merger
NEW YORK (Reuters) ?? Executives of satellite radio rivals Sirius Satellite Radio (SIRI) and XM Satellite Radio Holdings (XMSR) have been meeting lately to discuss the possibility of a merger, the New York Post reported Wednesday, citing several sources close to the matter.
The newspaper said the talks have not advanced far and executives have not yet discussed price, but they have been weighing any potential antitrust concerns that would arise from a deal.
The two companies have talked in the past about merging, according to the article, but the discussions never got to an advanced stage.
The newspaper said a deal could be at least a year away.
Sirius spokesman Jim Collins said the company does not comment on rumors. Officials at XM Satellite were not immediately available to comment.
Sirius executives have in the past said that they believe the Federal Communications Commission would take issue with such a deal. The two companies now operate under separate FCC licenses.
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