Tag Archives: merger

Sirius completes XM Radio purchase

Sirius Satellite Radio said today that is has completed its purchase of XM Satellite Rario to form a new combined company.

The news follows last week’s approval of the merger of the two firms following an extensive period of government scrutiny of the deal, ending when the US FCC gave the deal the go-ahead last week.

The new company will be named Sirius XM Radio, and will have more than 18.5 million subscribers, making it the second-largest radio company, based upon revenue, in the country; and, based upon subscribers, the second largest subscription media business in the US.
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