February 19, 2007 1:25 PM PST
Sirius, XM to merge
In a merger of the two major satellite radio players, XM Satellite and Sirius Satellite announced Monday that they plan to join forces.
The deal, an all-stock merger worth about $13 billion, according to a statement, would create a single satellite radio giant with about 14 million subscribers.
The companies plan to reveal more details in a conference call on Tuesday.
Daniel Terdiman is a staff writer at CNET News covering games, Net culture, and everything in between. E-mail Daniel.
