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Can Sirius and XM succeed as stand-alone companies if the merger is not approved by regulators?

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Can Sirius and XM succeed as stand-alone companies if the merger is not approved by regulators?

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Yes. That said, we believe a merger is the preferred option for Sirius and XM, our shareholders and customers. The merged entity will be better able to manage its costs while driving innovation in this fast-moving competitive marketplace.

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