Sunday, November 25, 2007

Shareholders Approve Sirius - XM Merger

As expected, shareholders from both satellite companies voted to approve the proposed merger.

Sirius stated that 96% of its subscribers voted in favor of the merger while XM reported that 99.8% of its subscribers voted in favor.

This development was no surprise. Next comes the decision by the FCC which will approve or deny the proposed merger between the former satellite radio rivals.

My take:

I'm in favor of the merger. There are so many entertainment options now for consumers that this only makes sense. As an XM subscriber I can hardly wait for a combined programming menu.

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