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New York Tabloid Reports XM & Sirius Merger

The two main satellite radio providers, XM Satellite Radio Holdings Inc. and Sirius are expected to announce a long-awaited merger on Monday, according to the New York Post.

The newspaper said the two companies were negotiating over the weekend to merge the companies, a deal that is expected to be structured as a “merger of equals.”

Representatives of the two companies could not immediately be reached for comment.