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Hall Of Fame
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Discussion Starter · #1 ·
Here we go again....
http://www.nydailynews.com/business/story/475867p-400162c.html
As XM and Sirius Satellite Radio gingerly monitor their busiest selling season, Sirius CEO Mel Karmazin has again raised the possibility the two companies could merge.
While this would obviously have considerable impact on millions of present and future subscribers, there's no indication from either company a merger is imminent or even inevitable.
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Hall Of Fame
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Jim Cramer from CNBC has been beating this drum but it won't happen. E* couldn't convince the Justice Dept. that a monopoly of satellite providers would be OK on the video side, so WHY would they think it would be OK on the audio side?

It might be good for a stock rice bump if they agree to try and merge, but the price will come right back down when the Feds scotch the deal....
 
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