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July 19, 2005
Sirius won't consider any Mickey Mouse deals
Maybe the idea of combining satellite radio assets with terrestrial radio assets wasn't such a good one anyway... Business Week is skeptical that Sirius Satellite Radio will make a play for Disney's radio assets. According to sources contacted by Business Week after published rumors of a Sirius-Disney radio deal appeared in the New York Post, a far more likely scenario would be a tax-free spin-off of the radio assets to Disney's shareholders. An analyst from S&P explains why a Sirius-Disney deal would not make sense:
"The deal would significantly dilute Sirius' long-term profile. It's not clear to us that there would be compelling synergies that would arise from the relatively incompatible business models for satellite and terrestrial radio."
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