(Reuters) - In a statement detailing Karmazin's planned testimony before a U.S. Senate committee today, Karmazin said: "The merger will allow us to lower prices. Consumers who want fewer channels than currently offered will be able to select one or more packages of channels for less than $12.95 per month."
Sirius plans to buy XM in an all-stock deal which was worth about $4.6 billion when it was announced in February, but the merger has been criticized by some U.S. lawmakers and consumer groups as anti-competitive.
Read more at Reuters.com Market News
Sirius plans to buy XM in an all-stock deal which was worth about $4.6 billion when it was announced in February, but the merger has been criticized by some U.S. lawmakers and consumer groups as anti-competitive.
Read more at Reuters.com Market News
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