Comments:

1. english please?
   
   lol by SDRANGER619
   
2. From Ben's link...
   
   
   Quote:

   On February 19, 2007, Sirius Satellite Radio Inc. ("SIRIUS") and XM Satellite Radio Holdings Inc. ("XM") entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which SIRIUS and XM will combine their businesses through a merger of XM and a newly formed, wholly owned subsidiary of SIRIUS (the "Merger"), with XM remaining as the surviving corporation following the Merger.

   So XM is not actually merging with Sirius, but with a new company (maybe called Vernon Merger Corp.???) that is a wholly owned-subsidiary of Sirius. Way too confusing for me... by RoadRunner
   
3. From what we gather, XM will be the name of the merged company. If anyone can read translate a SEC document 8-K into english, please let us know. by RyanM
   
4. "Sirius will spin off a wholly-owned subsidiary"
   
   What does the phrase above mean? by SDRANGER619
   
5. I edited the post and clarified it above:
   
   "For clarification, a wholly owned subsidiary is a company that is owned by another company. For example, Linksys is a wholly-owned subsidiary of Cisco Systems, and Nabisco is a wholly owned subsidiary of Kraft Foods."
   
   Does that help? by BenDee
   
6. ok guys, im slow here, sorry. but xm is more or less buying sirius? is that pretty much whats going on here or am i totally off?
   
   -jhdk by JHDKoopman
   
7. Oh no, this can't be good. by Learjet35A
   
8. XMSR, the XM holding company will own a new subsidiary company comprised of a merged XM company and a subsidiary yet to be spun off from Sirius. So think of it like this:
   Parent A will acquire Child C, which is a merged company of Child A and Child B, which was just born by Parent B. You end up with just Parent A owning Child C, and Child A, Child B and Parent B just go away.
   
   That give anyone a headache yet? by DaJoker
   
9. ok, once again sorry for my dumb questions, but what about the catch phrase we all heard over the past few days, 'a merger of equals'?
   sounds to me like sirius is not an equal.
   -jhdk by JHDKoopman
   
10. Sirius is an equal here. In a merger with XM. XM itself is held by a larger holding company, XM Satellite Radio Holdings. Ben described this pretty well actually. Take this example:
    Cisco has a child company named Linksys. Dlink is itself a corporation with no holding parent. Dlink spins of DLink Networks as a subsidiary. Now, Linksys and DLink Networks merge in equality 50% of the shares going to each companies shareholders, calling themselves Dlinksys and will be owned by Cisco. by DaJoker
    
11. looks like they are going the United Online route
    when a few years ago when NETZERO bought Juno Online
    they formed a new company called united online by KTMC
    
12. ok i think im starting to get the picture here, thanks for putting up with me.
    
    -jhdk by JHDKoopman
    
13. You can get the FULL filing here:
    http://www.shareholder.com/Common/Ed...2540/07-00.pdf
    
    I haven't read it all yet, it's long, but it's possible the new structure is meant to allow Sirius to retain control of the new company.
    
    There are lots of big companies controlled by what are called "holding companies" whose sole reason for existence is to own the other company.
    
    I'm guessing the new Sirius holding company will hold a bunch of shares in New XM Co. that will have twice as many voting rights as regular shares, giving Sirius complete control no matter how many regular shares are sold. by angrytrousers
    
14. I read it differently than most of you. XM will be a newly formed wholly owned subsidiary of Sirius. Read it carefully, Sirius will be the parent and XM will be the child.
    
    "pursuant to which SIRIUS and XM will combine their businesses through a merger of XM and a newly formed, wholly owned subsidiary of SIRIUS (the "Merger"), with XM remaining as the surviving corporation following the Merger." by shade4five
    
15. So we have it backwards? Sirius spins SiriusRadio, merges with XM, and you have Sirius as parent of XM(merged)? by DaJoker
    
16. Ok, my turn
    
    
    Sounds like to me that XM Satellite Radio Holdings Corporation and Sirius are merging and that new corp. will, for lack of a better word, 'own' XM sat radio company. So the new merged corp.(maybe called Sirius) will be the parent and XM radio will be the child company.
    
    Just guessing here.... by Satradioman
    
17. It still sounds to me like Sirius is acquiring XM without them saying so. Why else would XM stock be converted into Sirius stock with XM stock no longer existing?
    
    This is from a new SEC filing ammending the merger agreement:
    
    
    Quote:

    Amendment No. 3 provides, among other things, that (i) neither SIRIUS nor any of its subsidiaries shall be deemed an Acquiring Person (as defined in the Rights Agreement) by virtue of (x) their acquisition, or their right to acquire, beneficial ownership of XM Common Stock as a result of their execution of the Merger Agreement, (y) the consummation of the Merger or (z) any other transaction contemplated by the Merger Agreement; and (ii) no Distribution Date, Section 11(a)(ii) Event, Section 13 Event, Stock Acquisition Date or Triggering Event (as each such term is defined in the Rights Agreement) shall be deemed to have occurred by reason of the execution of the Merger Agreement or the announcement or consummation of the transactions contemplated thereby. Except as expressly provided in Amendment No. 3, the Rights Agreement remains in full force and effect.

    Which to me says Sirius cannot call the acquisition of XM an acquisition because it is being portrayed as a "merger of equals". by myquealer
    
18. Quote:

    Originally Posted by BenDee As stated before, this does not mean they have decided on the new company's name; it could go either way. For example, in 2005 America West Airlines bought US Airways, but retained the US Airways name because it was a stronger national brand. A similar instance could happen here.

    If thats the case, wouldn't it make more sense for them to use the XM name since it's most likely recognized by consumers over SIRIUS?
    
    I guess it's time to bury the
    
    I'll go get the shovel... by h3x
    
19. Quote:

    Originally Posted by h3x If thats the case, wouldn't it make more sense for them to use the XM name since it's most likely recognized by consumers over SIRIUS? I guess it's time to bury the I'll go get the shovel...

    I would think Sirius is the one with name-brand recognition. 73% of retail consumers seem to think so. by loadfet17
    
20. Ok, just read the full 8k statement. Basically it states this:
    
    Sirius will spin off Vernon Merger Corp. Vernon will merge with XM, the new company will be called XM, and will be owned by Sirius. by DaJoker
    
21. I think The parent Sirius company will become the parent of the new Sirius subsidiary and the XM subsidiary. Those two subsidiaries will be merged into a single corporation wholly owned by the Sirius parent company. There will no longer by XM stock, so the XM parent company is going away, and the parent Sirius company will be the stock that is traded.
    
    
    Quote:

    Originally Posted by h3x If thats the case, wouldn't it make more sense for them to use the XM name since it's most likely recognized by consumers over SIRIUS?

    I think Sirius has better brand recognition these days thanks to Howard. by myquealer
    
22. See?? This is why I hate lawyers...we're all reading the same words, and getting different results!! by syphix924
    
23. This happened with Cingular wireless too, similarly.
    
    AT&T acquired Cingular as Cingular's parent corporation, yet they had AT&T wireless. The two merged, keeping Cingular as the name, yet it was owned by AT&T. Of course now, it is called AT&T as they gradually phase out the Cingular name.
    
    The corporate structure is different for XM and Sirius, but...
    
    AT&T is corporation A, Cingular is "B" and AT&T wireless is "C":
    A buys B, merges C with B. It names it B.
    
    Sirius is corporation A, XM is "B" and Sirius (Vernon) is "C":
    A buys B, merges C with B. It names it B. by SuperH
    
24. Quote:

    Originally Posted by DaJoker Ok, just read the full 8k statement. Basically it states this: Sirius will spin off Vernon Merger Corp. Vernon will merge with XM, the new company will be called XM, and will be owned by Sirius.

    
    Bingo! You Got It! by jmp54
    
25. Sounds like this is a mostly tax and stock move... by Satradioman
    
26. Quote:

    Originally Posted by loadfet17 I would think Sirius is the one with name-brand recognition. 73% of retail consumers seem to think so.

    Regarding name recognition, for what it's worth...
    
    When I first got Sirius, I was showing the radio to a friend, he said "Oh, so you got XM"? And I said no, Sirius. And then 5 minutes later he again said something about me having XM, and I said again "Sirius, not XM." And he said, "isn't this type of radio called an XM radio?" And I explained to him that it was a satellite radio and Sirius and XM were both brand names.
    
    I don't think my friend is the only one... I think there are a lot of people out there who recognize Sirius as a brand name and XM as a type of radio... by krockradio
    
27. Quote:

    Originally Posted by Satradioman Sounds like this is a mostly tax and stock move...

    This is exactly correct. The complex re-structuring combined with the merger is to avoid taxes associated with a direct acquisition. by dantodd
    
28. Quote:

    Originally Posted by BenDee <img src="http://www.siriusbackstage.com/wp-content/uploads/2007/02/breaking.gif" height="25" width="247" /> While not stating that the new name will definitely be XM, the way the merger will be structured is that Sirius will spin off a wholly-owned subsidiary, containing all of Sirius's assets, that will be the entity that is merging with XM Satellite Radio, according to an 8-K <a href="http://biz.yahoo.com/e/070221/siri8-k.html">just filed</a>. This does buck the trend that it was Sirius that would be the surviving entity. As stated before, this does not mean they have decided on the new company's name; it could go either way. For example, in 2005 America West Airlines bought US Airways, but retained the US Airways name because it was a stronger national brand. A similar instance could happen here. For clarification, a wholly owned subsidiary is a company that is owned and controlled by another company. For example, Linksys is a wholly-owned subsidiary of Cisco Systems, and Nabisco is a wholly owned subsidiary of Kraft Foods. It will also be titled a reorganization for tax purposes, rather than a merger.

    Actually shouldn't the headline be the opposite? Sirius will be the surving company, XM will be a wholly owned subsidiary, with the satellite service keeping the XM name brand. by AZJoe
    
29. Quote:

    Originally Posted by jmp54 Bingo! You Got It!

    Yep. It's 100% accurate FOR SURE by me. I understand legal documents very well, as I tried to model in my post above.
    
    To tell you the truth, XM really makes more sense for a company name (though I prefer Sirius as a name -- don't kill the dog!)
    
    AM/FM/XM... I mean... "duh".
    
    Xtra-terrestrial Modulation
    
    I wouldn't mind seeing this as a logo... (attached)
    
    I would still prefer the company to be called Sirius.
    
    
    Quote:

    Originally Posted by AZJoe Actually shouldn't the headline be the opposite? Sirius will be the surving company, XM will be a wholly owned subsidiary, with the satellite service keeping the XM name brand.

    No. Sirius cannot merge it new self with its current self, so it makes it's current self a wholly owned subsidiary, acquires XM, and merges the two together. XM branding will be kept, but everything will be "owned" by Sirius. Sirius essentially splits into a new self plus a current self, from just a current self. by SuperH
    
30. Quote:

    Originally Posted by krockradio Regarding name recognition, for what it's worth... When I first got Sirius, I was showing the radio to a friend, he said "Oh, so you got XM"? And I said no, Sirius. And then 5 minutes later he again said something about me having XM, and I said again "Sirius, not XM." And he said, "isn't this type of radio called an XM radio?" And I explained to him that it was a satellite radio and Sirius and XM were both brand names. I don't think my friend is the only one... I think there are a lot of people out there who recognize Sirius as a brand name and XM as a type of radio...

    Exactly. I've had to go through the same shit. The American public is ignorant (what a surprise). They don't think of "satellite radio." They think that it is XM. That XM is not a company name, it's some new kind of frequency. by SvengooIe
    
31. Actually the XM name makes more sense to me too..Like another poster said the AM/FM/XM angle. And XM is easier to remember. by Satradioman
    
32. Quote:

    Originally Posted by syphix924 See?? This is why I hate lawyers...we're all reading the same words, and getting different results!!

    its like reading poetry, just nowhere near as rewarding or enjoyable.
    
    -jhdk by JHDKoopman
    
33. Quote:

    Originally Posted by SuperH This happened with Cingular wireless too, similarly. AT&T acquired Cingular as Cingular's parent corporation, yet they had AT&T wireless. The two merged, keeping Cingular as the name, yet it was owned by AT&T. Of course now, it is called AT&T as they gradually phase out the Cingular name. The corporate structure is different for XM and Sirius, but... AT&T is corporation A, Cingular is "B" and AT&T wireless is "C": A buys B, merges C with B. It names it B. Sirius is corporation A, XM is "B" and Sirius (Vernon) is "C": A buys B, merges C with B. It names it B.

    SuperH, you've got your facts wrong on the Cingular/AT&T Wireless info, which is understandable since it's so confusing! Cingular was originally formed with the merging of BellSouth's and SBC's domestic wireless assets, and the new company was owned 40% by BellSouth Corp and 60% by SBC Corp.
    
    AT&T, which at the time was a seperate company, owned AT&T Wireless (AWE). At some point, AWE was spun off as its own company, not owned by AT&T, and it licensed the use of the AT&T name.
    
    When Cingular bought AWE, it was not bought from AT&T as AWE was a public-stock company. After the Cingular/AWE deal was completed, SBC bought the old AT&T, and began using it's name, calling itself "the new AT&T". After this transaction Cingular Wireless was still owned by BellSouth Corp and AT&T (formerly SBC). In 2006, AT&T bought BellSouth, thus acquiring full ownership of Cingular.
    
    It can be very confusing with all the variations on AT&T and the name changes!
    
    Hope this cleared things up for ya.
    
    Christopher
    Atlanta, GA
    Sirius since Jan '04 by ptkdude
    
34. Looks like I'm going to be voting down the merger (but it'll most likely get approved anyways). by h3x
    
35. So what you're saying is SBC, Bellsouth and Cingular are buying Sirius? by myquealer
    
36. Quote:

    Originally Posted by Satradioman Actually the XM name makes more sense to me too..Like another poster said the AM/FM/XM angle. And XM is easier to remember.

    you very well may be right but i just like the sirius name better. also, for the past year and two months, i have been all about killing xm. i know we are all friends now but i just cant get over the fact that ive wanted xm to fail for all this time and now im all of a sudden going to be a big xm fan. i know the name does not really matter, but you see what im saying?
    
    -jhdk by JHDKoopman
    
37. Quote:

    Originally Posted by DaJoker Ok, just read the full 8k statement. Basically it states this: Sirius will spin off Vernon Merger Corp. Vernon will merge with XM, the new company will be called XM, and will be owned by Sirius.

    That's what I get too when I read it. by SIRIusStockFan
    
38. I vote with my 15,000 shares ...NO, no wait.... yes? Maybe? Oh heck, this is a mess!! ( 15,000 shares doesnt speak much anyways.... ) by AZJoe
    
39. Quote:

    Originally Posted by syphix924 See?? This is why I hate lawyers...we're all reading the same words, and getting different results!!

    by HomieG
    
40. This is what it looks like to me. Sirius will evolve to the name Vernon Merger Corp. and will absorb the XM company. Name makes no difference, however, with current market share trending for Sirius, I personally think it would be the better choice. Think this ((( ))) with Mongo in the middle. by BananaMan
    
41. Quote:

    Originally Posted by myquealer I think The parent Sirius company will become the parent of the new Sirius subsidiary and the XM subsidiary. Those two subsidiaries will be merged into a single corporation wholly owned by the Sirius parent company. There will no longer by XM stock, so the XM parent company is going away, and the parent Sirius company will be the stock that is traded. I think Sirius has better brand recognition these days thanks to Howard.

    This is right. Sirius will be the controlling owner of XM Satellite radio. If you want to trade in stock of XM you must buy Sirius stock.
    
    What this will let them do is keep the accounting, tax, and regulatory aspects under the XM name, lessen the risk to Sirius, and in case they want to buy/make any new lines of business those companies will also be held separate from what XM does but will still be owned by Sirius i.e. a video service or some other media outlet.
    
    Sirius makes the money, XM does the dirty work.
    
    It also opens up the possibility that Sirius could eventually spin off XM if they become focused on something other then Sat Radio.
    
    The company I work for is a wholly-owned subsidiary of a much larger company. All of the assets (companies) of the parent company are in the financial services sector, but we all do different things. So instead of the parent being responsible for all of the taxes, accounting and regulations each smaller company is responsible, but all of our stock is under the parent company.
    
    For the most part companies do this to control risk and to help move debt. by Fergz99
    
42. Quote:

    Originally Posted by Fergz99 ...Sirius will be the controlling owner of XM Satellite radio...

    Wait, wait, wait, I thought this was a "merger of equals." How can there be a controlling owner if they are equal? (tongue planted firmly in cheek). by HomieG
    
43. Are you sure about the Cingular/AT&T debacle? My understanding (and I'm good at this stuff) is that AT&T Corp bought BellSouth sometime around March 2006 which held the 40% of Cingular that wasn't already owned by AT&T corporation.
    
    Cingular bought AT&T WIRELESS (not AT&T corporation) for something like $41 billion somewhere around February 2004.
    
    It was my understanding that AT&T corporation (not AT&T wireless) owned 60% of Cingular already, well before Cingular bought AT&T wireless from essentially it's parent company (AT&T corporation) for $41B in 2004.
    
    
    As far as power, nothing is ever equal when it comes to power, by definition. If it were truly equal, everyone's decision would always be honored, and that is impossible with more than one entity. Someone is going to be let down at some time, and that is guaranteed. Making 50% of the decisions still doesn't equate to 50% of the power. What 50% of the decisions were made? Which mattered?
    
    Sirius is by far the most powerful entity here. They are the parent corporation. Their CEO is CEO of the combined company. The advantage XM has is that they end up being the "surviving entity" which could come to things remaining to be branded XM. by SuperH
    
44. BTW
    
    With Sirius listing XM as a subsidiary it may circumvent the one company holding both license rule.
    
    Just venturing a guess, but I could see XM's bandwidth going to Sat Radio and Sirius' going to video. by Fergz99
    
45. Quote:

    Originally Posted by syphix924 See?? This is why I hate lawyers...we're all reading the same words, and getting different results!!

    Maybe only lawyers are going to get service once the merger goes through. by IdRatherBeSkiing
    
46. Allow me to add a little mud to the water.
    
    From my news wire service:
    
    CORRECT: Sirius Satellite: XM Will Survive Sirius Subsidiary
    6:51 PM EST February 21, 2007
    
    
    XM Satellite Radio Holdings Inc. (XMSR) will be the surviving company following the proposed merger between it and a newly formed, wholly owned subsidiary of Sirius Satellite Radio Inc. (SIRI), a regulatory filing said.
    
    (The headline "Sirius Satellite: XM Will Be Surviving Co Following Merger," published at 6:24 p.m. EST., incorrectly indicated that XM would be the surviving company in the proposed merger between the Sirius parent company and XM.) by Sirius_Rich
    
47. No mud there. The first headline read that XM would survive against Sirius parent. What really is happening is that XM is surviving the Sirius subsidiary. Sirius will still remain the parent company. by DaJoker
    
48. To quote Wood Yi, "This is terrible." The begining of the end of Sirius for sure. by VinnyM27
    
49. If XM is the better name than Sirius, than why has Sirius been selling more radios the last 3-4 quaters ,where the customer walks in the store, and purchases.... Did they think they were leaving with an XM radio?
    I don't get the argument that XM is the better name. But at the same time I understand the Am,FM,XM..that's why I hope the merge the 2 SiriusXM Radio.
    It is beyond AM, and FM, and is the brightest star (dog star) by S50isagem
    
50. Quote:

    Originally Posted by ptkdude When Cingular bought AWE, it was not bought from AT&T as AWE was a public-stock company. After the Cingular/AWE deal was completed, SBC bought the old AT&T, and began using it's name, calling itself "the new AT&T". After this transaction Cingular Wireless was still owned by BellSouth Corp and AT&T (formerly SBC). In 2006, AT&T bought BellSouth, thus acquiring full ownership of Cingular.

    Correct And to finish off the story now in order to have one brand the Cingular name is going away and being replaced by AT&T (Not AT&T Wireless)
    
    So here was a case where a company (SBC) merged with a former parent (AT&T) which took the name of the former parent, now child (AT&T) which bought a sibling (BLS) and the remaining part of one of their children (Cingular) and changed everything to the one name (The new AT&T)
    
    So as I read this, Sirius is the holding company for a new company tentatively called XM but can become some other name (even Sirius) even though XM is the surviving corporation. So as of now it is something like "XM Satelite Radio from Sirius Corporation" by Siread
    
51. They should keep the name Vernon.
    
    Mamalookaboobooday would be PROUD to broadcast on the Vernon Merger Corp. network. by angrytrousers
    
52. It would be a mistake to name the company "XM" as Sirius has the better brand recognition, and as an earlier person stated Sirius has been growing at a faster rate than XM for a while now. by SISO
    
53. here is where you guys are getting confused and trying to go into denial.
    
    Company A is sirius and you like it better
    Company B is XM and someone else likes it better.
    
    You want it to appear that Sirius is stronger XM people want it to appear that they are stronger...and I don't give a shit.
    
    Point being....no matter what it is called if it expands the repeater network, increases programming, upgrades sound quality, and makes the company profitable then they could call it Kurt Sucks Penis and I would be happy. I just want the best bang for my dollar and these two companies were equals with exclusive content that I wanted from each.
    
    I had Sirius and XM for a year or so but dropped the Sirius because $26 was too much. I preferred the XM sports package over Sirius plain and simple. Did I enjoy Sirius ... yes......did I enjoy XM yes.....will I enjoy Kurt Sucks Penis....well I won't like the name but I will buy the product and not give a shit about who won the so called battle.
    
    
    On a side note.....both companies lost the battle....the throwing away too much money to try and out do the other. by Kurto2021
    
54. I'm changing my vote to "Kurt Sucks Penis."
    
    But only if I can get a bumper sticker. by angrytrousers
    
55. Really this is all nothing more than paperwork. by emory
    
56. how about we wait and see if the deal is approved. then we can worry about the name
    
    - Jon by jon01
    
57. Quote:

    Originally Posted by krockradio Regarding name recognition, for what it's worth... When I first got Sirius, I was showing the radio to a friend, he said "Oh, so you got XM"? And I said no, Sirius. And then 5 minutes later he again said something about me having XM, and I said again "Sirius, not XM." And he said, "isn't this type of radio called an XM radio?" And I explained to him that it was a satellite radio and Sirius and XM were both brand names. I don't think my friend is the only one... I think there are a lot of people out there who recognize Sirius as a brand name and XM as a type of radio...

    
    I've got a friend who can not for the life of him pronounce 'Sirius'. He is always saying 'Sirus'. I don't know how many times I've told him the correct pronunciation. by mjflem
    
58. Quote:

    Originally Posted by mjflem I've got a friend who can not for the life of him pronounce 'Sirius'. He is always saying 'Sirus'. I don't know how many times I've told him the correct pronunciation.

    My Dad's the same way, pronouncing it like "cirrus".
    
    Of course, when I asked if he knew what XM was, he had no idea. But, he definitely knew that Stern was on "cirrus radio". by jmcn72
    
59. Is it possible that the 2 entities will then continue separately?
    
    For instance:
    
    1) Sirius stays Sirius.
    2) Sirius spins off Vernon who merges with XM.
    3) Vernon-XM are owned by Sirius, and called XM
    4) Sirius & XM continue to operate separately, though both owned by Sirius.
    
    Is this even possible? With the Vernon spin-off thing, it makes it sound like there will still be 2 systems operating. by Celt1997
    
60. Quote:

    Originally Posted by DaJoker XMSR, the XM holding company will own a new subsidiary company comprised of a merged XM company and a subsidiary yet to be spun off from Sirius. So think of it like this: Parent A will acquire Child C, which is a merged company of Child A and Child B, which was just born by Parent B. You end up with just Parent A owning Child C, and Child A, Child B and Parent B just go away. That give anyone a headache yet?

    M-O-U-S-E! by firsttimer
    
61. When Nations Bank (Charlotte, NC) bought Bank of America (CA) the new name was Bank of America. by TX WJ
    
62. I put up a thread under the Merger Mainia forum about a conference to be held on the 28th that Reuters had posted on Yahoo Financial. It clearly says, Sirius to take over XM. This is what they said, but see the thread for more info.
    
    "Sirius's planned takeover of XM must be approved by the U.S. Justice Department and Federal Communications Commission who review mergers for their impact on competition and customer service." by BananaMan
    
63. I'll admit that I like the Sirius name better. But, both XM and Sirius have a certain amount of name recognition so IMHO, no matter which way the merger lands, both trademarks will be worked into the product name. Similar the the way Sprint/Nextel markets their services today.
    
    So, my prediction for what the final company will be called is; The Sirius Satellite Network featuring ((XM)) Satellite Radio. Thus freeing up the use of the Sirius name to be attached to other premium services like video, navigation, and program syndication. by srm59
    
64. Quote:

    Originally Posted by BenDee I edited the post and clarified it above: "For clarification, a wholly owned subsidiary is a company that is owned by another company. For example, Linksys is a wholly-owned subsidiary of Cisco Systems, and Nabisco is a wholly owned subsidiary of Kraft Foods." Does that help?

    Ahhh makes perfect sense...that leaves the door open for us to remain as "Sirius". no? by SDRANGER619
    
65. Quote:

    Originally Posted by Kurto2021 here is where you guys are getting confused and trying to go into denial. Company A is sirius and you like it better Company B is XM and someone else likes it better. You want it to appear that Sirius is stronger XM people want it to appear that they are stronger...and I don't give a shit. Point being....no matter what it is called if it expands the repeater network, increases programming, upgrades sound quality, and makes the company profitable then they could call it Kurt Sucks Penis and I would be happy. I just want the best bang for my dollar and these two companies were equals with exclusive content that I wanted from each. I had Sirius and XM for a year or so but dropped the Sirius because $26 was too much. I preferred the XM sports package over Sirius plain and simple. Did I enjoy Sirius ... yes......did I enjoy XM yes.....will I enjoy Kurt Sucks Penis....well I won't like the name but I will buy the product and not give a shit about who won the so called battle. On a side note.....both companies lost the battle....the throwing away too much money to try and out do the other.

    I echo this!
    
    Kurt Sucks Penis 4 lyf3!!!!!! by TacoKid
    
66. Quote:

    Originally Posted by BananaMan I put up a thread under the Merger Mainia forum about a conference to be held on the 28th that Reuters had posted on Yahoo Financial. It clearly says, Sirius to take over XM. This is what they said, but see the thread for more info. "Sirius's planned takeover of XM must be approved by the U.S. Justice Department and Federal Communications Commission who review mergers for their impact on competition and customer service."

    So the new name will be YahooSirius??? by siriusurfer
    
67. Quote:

    Originally Posted by Siread Correct And to finish off the story now in order to have one brand the Cingular name is going away and being replaced by AT&T (Not AT&T Wireless) So here was a case where a company (SBC) merged with a former parent (AT&T) which took the name of the former parent, now child (AT&T) which bought a sibling (BLS) and the remaining part of one of their children (Cingular) and changed everything to the one name (The new AT&T) So as I read this, Sirius is the holding company for a new company tentatively called XM but can become some other name (even Sirius) even though XM is the surviving corporation. So as of now it is something like "XM Satelite Radio from Sirius Corporation"

    And just to muddle things more, Didn't Ma Bell get broken up over monopoly issues and that's how both AT&T and SBC (formerly PacBell) came to exist.... by TheScionicMan
    
68. Quote:

    Originally Posted by TheScionicMan And just to muddle things more, Didn't Ma Bell get broken up over monopoly issues and that's how both AT&T and SBC (formerly PacBell) came to exist....

    Yes, however at the time AT&T (aka Ma Bell) was much more vertically integrated than it is now. You could only get a telephone from them, which you had to lease, for example. In 1984, AT&T was forced to split off it's local exchange service into seperate companies (BellSouth, Southcentral Bell, SBC, PacBell, SNET, etc). by ptkdude
    
69. Quote:

    Originally Posted by BananaMan I put up a thread under the Merger Mainia forum about a conference to be held on the 28th that Reuters had posted on Yahoo Financial. It clearly says, Sirius to take over XM. This is what they said, but see the thread for more info. "Sirius's planned takeover of XM must be approved by the U.S. Justice Department and Federal Communications Commission who review mergers for their impact on competition and customer service."

    
    Yea I remembered reading that article, this the one?
    heres the link
    http://today.reuters.com/news/articl...clePage2&sz=13 by RG570
    
70. Quote:

    Originally Posted by Celt1997 Is it possible that the 2 entities will then continue separately? For instance: 1) Sirius stays Sirius. 2) Sirius spins off Vernon who merges with XM. 3) Vernon-XM are owned by Sirius, and called XM 4) Sirius & XM continue to operate separately, though both owned by Sirius. Is this even possible? With the Vernon spin-off thing, it makes it sound like there will still be 2 systems operating.

    This would make sense to retain both brands for awhile since they have spent tons of money building brand recognition and loyalty. It might be one of those things where it's a "Sirius" or "XM" radio by xyz corporation. by Manco