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Shares of XM and Sirius rise on news of merger

Posted by Doc Kane On February - 20 - 2007

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Mergers are almost always good for business, if you look at them objectively and stockholders often profit as a result of early buzz as well. Such seems to be the case this morning in New York as shares of both XM and Sirius are up to nearly double digits. MarketWatch has a more detailed story about the rise in stock price.

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EMI the next to go?

Posted by Doc Kane On February - 20 - 2007

Last week an article in the Financial Times covered the financial nightmare EMI is currently going through across the pond in the UK. It seems sluggish record sales in the US by big name artists like Janet Jackson and Robbie Williams have sold poorly here, forcing the company to re-issue a warning note to share holders making them aware of the losses likely to come this quarter.

XM and Sirius Merger Mania — continued.

Posted by Doc Kane On February - 20 - 2007

Looks like the word on the streets is official, as news from XM came in later today announcing XM and Sirius have agreed to a merger. Of course, there are regulators already crying foul, but for now it’s a marraige made in heaven. Well for them at least.

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It is my mission at musicbusinesspage.com to provide anyone interested in a career in this industry, the inspiration and resources needed to achieve your goals. It ain’t easy, and you’ll face a lot of closed doors along the way. Anyone who has achieved greatness or even a modicum of success in this world faces failure and rejection. . .meeting rejection is the only sure way of knowing you’re trying! Be willing to starve, be willing to work at it, and in the end it will pay off!

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