Sirius Satellite could be a buyout candidate!
with or without the mergers with XM.
by: Jack Leeroy - 4/25/07
Chicago, IL. ( 1pennystock.com ) -- The Stock stood at $2.73 at the very low price ever. The company agree to merge with XM radio, but is the merger the only thing that could happen to Sirius? "I think a buyout from private equity firms are very possible" Tom Landon owner of 1pennystock.com
"Mercedes-Benz customers enjoy SIRIUS' unique radio programming, including commercial-free music, news, information and the best sports programming," said Bernard Glaser, general manager of product management for MBUSA. "It is the perfect complement to the Mercedes-Benz driving experience."
"We are happy to see SIRIUS go standard across so many Mercedes-Benz vehicle models. Mercedes-Benz continues to be a great partner in driving the growth of SIRIUS," said Mel Karmazin, Chief Executive Officer of SIRIUS. "With these increased installation rates, now more Mercedes-Benz drivers will get to experience for themselves The Best Radio on Radio."
"The data suggest that, generally speaking, fans of digital radio are seeking to supplement, not replace, traditional radio."
Sirius Satellite Radio Inc. is a satellite radio provider in the United States. The Company offers over 130 channels to its subscribers, 69 channels of 100% commercial-free music and 65 channels of sports, news, talk, entertainment, traffic, weather and data content. Its primary source of revenue is subscription fees, with most of its customers subscribing to SIRIUS on either an annual or a monthly basis. As of December 31, 2006, the Company had 6,024,555 subscribers. In addition, it derives revenue from activation fees, the sale of advertising on its non-music channels, and the direct sale of SIRIUS radios and accessories. On February 19, 2007, the Company and XM Radio entered into an Agreement and Plan of Merger, pursuant to which the Company and XM Radio will combine its businesses through a merger of XM Radio and a newly formed, wholly owned subsidiary of the Company.
Source: http://www.1pennystock.com/Sirius-Satellite.html
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