Monday, February 19, 2007

A few hundred million later...

After flushing hundreds of millions down the drain in marketing & hardware subsidies, XM & Sirius finally did what anyone with half a brain would have done years ago, they announced their intent to merge. The combined company (if approved by regulators) should be able to significantly cut marketing, content, and hw costs. I am really looking forward to pouring over their financial statements after the deal closes to determine the synergies.

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