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Tuesday, July 29, 2008
XM Satellite, Sirius Complete Merger
Associated Press
NEW YORK--XM Satellite Radio and Sirius Satellite Radio say they have completed their merger.
The new company plans to change its name to Sirius XM Radio Inc. The combined company's stock will continue to be traded on the Nasdaq under the ticker symbol SIRI.
The company says it now has more than 18.5 million subscribers. It expects cost savings from the deal of about $400 million in 2009.
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