SIRIUS and XM to Combine in $13 Billion Merger of Equals

SIRIUS and XM to Combine in $13 Billion Merger of Equals Provides Consumers with Enhanced Content, Greater Choices and Accelerated Technological Innovation WASHINGTON and NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio (NASDAQ: SIRI) today announced that they have entered into a definitive agreement, under which the companies will be combined in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $13 billion, which includes net debt of approximately $1.6 billion... http://xmradio.mediaroom.com/index.php?s=press_releases&item=1423