I, for one, would sure like to see this actually happen.
NEW YORK (CNN/Money) - Sirius Satellite Radio and XM Satellite Radio are holding preliminary talks on a possible merger, a newspaper said Wednesday, but Sirius CEO Mel Karmazin denied the report.
The New York Post said the discussions between the two players in the growing satellite radio market are in the early stages, adding that executives have not yet discussed price. But discussions have been held about potential antitrust concerns, the Post reported.
But Karmazin shot down the report Wednesday morning, telling industry analysts during an earnings conference call that he has not met with either the CEO or chairman of XM, and that he had “no idea” where the rumor originated. Later in the call, he said antitrust approval for such a merger would be “difficult” to get.