XM Seeking $120 Million to Support Deal with MLBAuthored by Mark Hefflinger on May 27, 2008 - 8:33am.
Washington - XM Satellite Radio (NASD: XMSR), the satellite radio
provider awaiting government approval to merge with rival Sirius, disclosed in
a filing with the Securities and Exchange Commission (SEC) that it must come up
with $120 million in financial commitments to avoid an "adverse
effect" on its financial position.
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