Sirius, XM to merge

Posted by Daniel Terdiman

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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.

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