Sirius XM: Canadian Satellite Radio Merger Announced

Satellite Radio Playground submits:

By Demian Russian

In what seems like long time ago as well as just like yesterday, it was on July 29th, 2008, that the previously separate Sirius and XM Satellite Radio service providers officially merged as Sirius XM Radio, Inc. (NASDAQ:SIRI). Now, over two years later, Sirius Canada and XM Canada [TSX:XSR] announced Wednesday, Wednesday, November 24th, 2010, their plans to merge. Canadian Satellite Radio Holdings Inc. (CSR), the parent company of XM Canada, and Sirius Canada Inc., which is privately held, announced that they have entered into a definitive agreement to combine the companies in an all-stock merger of equals with a combined enterprise value of approximately

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