From the "I Won’t Believe it Until I See It" files, XM and Sirius Satellite Radio are Set to Merge.
After an earlier report in the NY Post, which seemed to lack any substantial quotes or sources, it seems that the persistent rumors have come true.
The two organizations will merge under an agreement that calls for the two to combine forces in a "merger of equals" that adds up to over $13 billion dollars in value.
More as it’s available.
On the web:
XM & Sirius to Combine…