So the rumor is that these two (Sirius and XMSR) are merging and will announce tomorrow. They do the same thing with airlines – slam two shit companies together for the shit squared effect. Some people will make money, but not likely YOU.
Unless you are the CEO’s, Bankers, Lawyers, Oprah or Howard Stern…who cares. Maybe Howard has a loophole and can sneak out and spearhead streaming internet to cars.
They say it will save $7 billion. I say only to spend it in a bad way elsewhere.
These are dinosaurs and for the pure speculators. If the regulators are to do anything, they should force both companies to liquidate and give back something to shareholders before it is too late.