Aug. 9, 2002: Evidently the answer to the question of whether
XM Satellite Radio Holdings Inc. can survive as an independent company — first
put forth five years ago — is "no" in light of XM's pending merger with rival
satellite radio provider Sirius Satellite Radio Inc. In a
2002
story from TheDeal.com, possible acquirers were thought to be inside
investors because of the the company's recently adopted poison pill. Investors
at the time included General Motors Corp., Hughes Electronics Corp., Clear
Channel Investments Inc., Honda Motor Co., and private equity firms Madison
Dearborn Partners, Columbia Capital and Baron Capital. A merger between Sirius
and XM was only thought possible if larger strategic bidders didn't pick one
or both of them off first. —Matthew Wurtzel
See
Aug. 9, 2002 story from TheDeal.com
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