What will they call it? Submit your answers here!!

Maybe something simple like "SXM"

Sirius.

After all Sirius is buying XM, why would they change the name? Not to mention all the $ they invested in brand recognition already - why change it?

XS Satellite Radio? :confused: They could use the "excess" play on the name for ads.

This is why I'm not in advertising.

Sirius.

After all Sirius is buying XM, why would they change the name? Not to mention all the $ they invested in brand recognition already - why change it?

No they're not....their merging my friend, no buyouts - a buyout is completely different.

Zerohour, on the front page of AVSFORUM it says Sirius is buying them out...but here it is for you:

Sirius Buys XM Satellite Radio for $4.6 Billion

Yes, you heard that right - it's not reversed. Sirius Satellite Radio has agreed to buy out rival XM Radio in a $4.6 billion dollar stock deal. This is the equivalent of Apple buying out Microsoft... OK, maybe just all their secretaries, but you get the idea.


The arrangement would mean that all subscribers of both services would now be able to access such hot ticket satellite radio stars as Oprah Winfrey and Howard Stern. I for one am holding out for Brittany Spears to open a show about hair care products.

The $4.6 billion deal has Sirius paying the same in stock, or a 22 percent premium to XM Radio's closing share price of $13.98 the end of last week.

Mel Karmazin, the present CEO of Sirius, will apparently lead the new company as CEO, while Gary Parsons, the current chairman of XM Radio, will carry on in the new organization. Hugh Panero's position (currently CEO of XM Radio) is unspecified following the merger.

The confusing part to this sudden merger is the logitical part. Currently the satellite radio licenses forbid a single company from owning both business units, but it's possible that rules may be relaxed given the current state of affairs (low stock prices and a general lack of market penetration). The Justice Department and FCC will have the final say, so we'll stay tuned to see what the end result of this acquisition looks like.

http://www.edmunds.com/insideline/do/News/articleId=119654

The XM Radio and Sirius Satellite Radio merger, scheduled for completion in late 2007 or early 2008, will create a satellite radio company that will provide consumers across the country with a broader range of radio programming.

http://www.financialnewsusa.com/release.php?rlsid=6995


City of Industry, CA --(www.FinancialNewsUSA.com)-- 02/21/2007 - Broadcasting industry news provided by Financial News USA (OTC: FNWU). Satellite radio companies XM (Nasdaq:XMSR) and Sirius (Nasdaq:SIRI) have reached an agreement to merge in a $13 billion tax-free, all-stock deal. The agreement includes net debt of $1.6 billion.

http://www.powerpage.org/2007/02/breaking_news_sirius_and_xm_satellite_radio_merge.html

To: SIRIUS Subscribers

Today is a very exciting day for SIRIUS customers. As you may have heard, SIRIUS Satellite Radio and XM Satellite Radio are merging to form the nation's premier audio entertainment provider


They are converting XM stocks, since it value is 4x that of sirius, which may confuse you. A buyout would consist of aquiring XM's assets and abolishing XM, which is not happening. XM would control the board and Mel would be CEO...combining satellites, stocks, units, subs, debts and programming...thus a MERGE.

how about CD RADIO

www.cdradio.com

I think XM has more recognition than Sirius, but Mel Karmazin has some ego and probably will never let that happen.

I am an XM subscriber, I could have gone either way when I subscribed but XM was practically giving away the equipment so I went with that.

I assume that existing XM and Sirius receivers will still work, at least for part of the service (i.e. you will need both to get all of the channels).

In that case, it's probably best to keep both names - something like "Sirius XM Radio".

-- Don

I think XM has more recognition than Sirius.


What makes you think that?

Zerohour, on the front page of AVSFORUM it says Sirius is buying them out...but here it is for you:

Sirius Buys XM Satellite Radio for $4.6 Billion

Yes, you heard that right - it's not reversed. Sirius Satellite Radio has agreed to buy out rival XM Radio in a $4.6 billion dollar stock deal. This is the equivalent of Apple buying out Microsoft... OK, maybe just all their secretaries, but you get the idea.


The arrangement would mean that all subscribers of both services would now be able to access such hot ticket satellite radio stars as Oprah Winfrey and Howard Stern. I for one am holding out for Brittany Spears to open a show about hair care products.

The $4.6 billion deal has Sirius paying the same in stock, or a 22 percent premium to XM Radio's closing share price of $13.98 the end of last week.

Mel Karmazin, the present CEO of Sirius, will apparently lead the new company as CEO, while Gary Parsons, the current chairman of XM Radio, will carry on in the new organization. Hugh Panero's position (currently CEO of XM Radio) is unspecified following the merger.

The confusing part to this sudden merger is the logitical part. Currently the satellite radio licenses forbid a single company from owning both business units, but it's possible that rules may be relaxed given the current state of affairs (low stock prices and a general lack of market penetration). The Justice Department and FCC will have the final say, so we'll stay tuned to see what the end result of this acquisition looks like.

Just released....

Form 8-K for SIRIUS SATELLITE RADIO INC

21-Feb-2007

Entry into a Material Definitive Agreement, Financial Statements and E


Item 1.01 Entry into a Material Definitive Agreement.

On February 19, 2007, Sirius Satellite Radio Inc. ("SIRIUS") and XM Satellite Radio Holdings Inc. ("XM") entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which SIRIUS and XM will combine their businesses through a merger of XM and a newly formed, wholly owned subsidiary of SIRIUS (the "Merger"), with XM remaining as the surviving corporation following the Merger.

Sounds like the merged company might be called XM.

How about S & M radio?

What makes you think that?

I have never seen a commercial for Sirius on tv, I see XM commercials a lot. I see XM billboards, never Sirius. Just a vibe I get from my travels and tv watching habits.

If I'm reading the Sirius 8-k filing correctly it looks like the name is a done deal. It's XM.. It's a bunch of legal mumble jumble but from I can get out of it is that for tax purposes Sirius is buying XM Sat Radio Holding Inc.. That company will spin off another company who will merge with the XM Sat. Radio Service.. The remaining company, XM will be the service which is owned by Sirius..

Anyone who really knows what the hell this legal double speak means feel free to jump in... :) :)

...pursuant to which SIRIUS and XM will combine their businesses through a merger of XM and a newly formed, wholly owned subsidiary of SIRIUS (the "Merger"), with XM remaining as the surviving corporation following the Merger.

They seem to be saying both - first "wholly owned subsidiary of SIRIUS" and then "with XM remaining as the surviving corporation". Don't those statements directly oppose each other? Maybe they're implying that Sirius will be the parent company with a subsidiary called XM? Guess that would allow them to use both ala "XM Satellite Radio, a SIRIUS Company"...

Further on in the 8K there is this: "...each share of common stock of XM (the "XM Common Stock") issued and outstanding immediately prior to the Effective Time will generally be converted into the right to receive 4.6 shares of common stock of SIRIUS."

So XM stock will cease to exist and be converted to SIRI stock. That would point to Sirius being the final entity - which makes sense as they are purchasing the XM stock.

Also it's worth noting that despite their relative share price, SIRI is the higher market cap company. SIRI is a $5.4B company to XMSR's $4.11B currently.

They seem to be saying both - first "wholly owned subsidiary of SIRIUS" and then "with XM remaining as the surviving corporation". Don't those statements directly oppose each other? Maybe they're implying that Sirius will be the parent company with a subsidiary called XM? Guess that would allow them to use both ala "XM Satellite Radio, a SIRIUS Company"...

Further on in the 8K there is this: "...each share of common stock of XM (the "XM Common Stock") issued and outstanding immediately prior to the Effective Time will generally be converted into the right to receive 4.6 shares of common stock of SIRIUS."

So XM stock will cease to exist and be converted to SIRI stock. That would point to Sirius being the final entity - which makes sense as they are purchasing the XM stock.

Also it's worth noting that despite their relative share price, SIRI is the higher market cap company. SIRI is a $5.4B company to XMSR's $4.11B currently.

I 'think' they are saying both because in a way it is both..

Sirius the corp. is merging with XM Holdings.. They will spin off another company and XM holdings will go away. The new company and XM service will then merge and XM will be will be the only service left, thus no more Sirius SERVICE. But XM service will be the wholly owned subsidiary of SIRIUS the corporation..

Again this is only a guess but I think they are going through all this for tax purposes. A straight buy-out is taxed heavier then this kind of merging.

the new company name will be SX Satellite Radio....

No, actually the 'new' company will be named Vernon Merger Corporation... That will merge with XM and XM will be left. Then we will have XM radio brought to you by Sirius.

lol - craziness

lol - craziness

Yep, it does make my hair hurt.

Ok, so who is the father of Anna Nicole's Baby?

Was there someone on the grassy knoll?

And is Darth Vader REALLY Luke's father?

I need a STRONG Drink.

Anyone care to come?

I need a STRONG Drink.

Anyone care to come?


Oh yeah, please...

A BIG chilled ice cold Gin Martini for me please. And keep them coming!! :)

Oh yeah, please...

A BIG chilled ice cold Gin Martini for me please. And keep them coming!! :)


My dad always told me crazy people drink Gin;)

is this true?

My dad always told me crazy people drink Gin;)

is this true?

Yes, and if you're not crazy before you drink Gin, after you drink it you'll surely be crazy.

It is weird stuff. One minute you're fine with all your senses, the next you're on the floor wondering who you are. Fortunately I've learned my limit and haven't met the floor in a loooong time.!

It is weird stuff. One minute you're fine with all your senses, the next you're on the floor wondering who you are. Fortunately I've learned my limit and haven't met the floor in a loooong time.!

Quitter. I prefer to think of it as more of a quota to be met, rather than a limit to never be achieved.

Seximus?
:cool:

What most people do not know is that Sirius could have killed XM because the dual radio that was mandated by the FCC is in many radios now. They have not been turned on to work with Sirius and XM. If those radios were dual radios XM would be history in a short time because Most people pick Sirius when they have the choice. Sirius has 78% of the market in Canada.
Expect churn at XM to be so bad this quarter because of the loss to Sirius of NASCAR that they may have a negative gain of subscribers.
What many are asking is why did Sirius want to save XM?
Sirius paid half of $5 million to develop the dual radio and had / has every right to demand it's use.

What many are asking is why did Sirius want to save XM?

Because Mel was in a good mood this week..

Hint: Take a good look at both companies financial reports before you make such an outlandish statement. (and I'm not even mentioning your other outlandish statements in your post).

Because Mel was in a good mood this week..

Hint: Take a good look at both companies financial reports before you make such an outlandish statement. (and I'm not even mentioning your other outlandish statements in your post).


I think Tweak had a little to much Gin;)

I think Tweak had a little to much Gin;)

I'm sure you meant Heathkit, but your point about the Gin is an excellent point. Being a 'crazy' gin drinker myself I should have thought about it first. Must be all that gin is slowing me down.. ;)

Artifacts from the future: the year 2013

Today was another bombshell for the NASDAQ as the previously known XIRUM Satellite radio company merged yet again. The company has been bought out by WALMART and STARBUCKS to become WAL-X BUCKS Satellite Radio. Their new slogan, "Ignorance is indeed bliss!".