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XM to Buy WCS Wireless for Nearly $200 Million

XM Satellite Radio Holdings Inc. on Wednesday said it agreed to buy privately held WCS Wireless in a stock deal worth $198 million, giving it additional frequency to broaden its offerings into such areas as video. Under deal's terms, the nation's No. 1 satellite radio provider offered 5.5 million XM shares for the assets of WCS Wireless.

Read the whole story at Reuters, July 13, 2005 »

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