Today Sirius and XM announced that both companies have entered an agreement in which the two will merge to form the largest satellite radio service provider in the country. Under the terms of the merger, the single entity formed by Sirius and XM would amount to a total organization value of $13 billion USD. XM shareholders will also receive a fixed exchange ratio of 4.6 Sirius shares for each XM share they own. When the merger is complete, Sirius and XM shareholders will each own 50 percent of the combined company.

Just in case there was any confusion, both companies will continue to operate independently until such time as a merger is approved, meaning that you needn't fear losing your precious sat feed out of the blue. And even if everything goes according to plan, we highly doubt that your current gear will stop working or that you'll even see an interruption in your service whatsoever.