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July 13, 2005

A game of dog and mouse for Sirius Satellite Radio

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Posted by Dominic Basulto

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The New York Post is speculating that Sirius Satellite Radio is considering a bid for Disney's ABC Radio unit. The asking price, according to initial estimates from Wall Street investment bankers, could be north of $3 billion. Rumors about a Sirius/Disney deal were stoked when journalists spotted Sirius CEO Mel Karmazin and Disney CEO Bob Iger hobnobbing at last week's media mogul conference in Sun Valley.

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