Sirius XM Holdings is an American broadcasting company that provides three satellite radio services operating in the United States Sirius Satellite Radio XM Satellite Radio and Sirius XM Radio. The company also has a Canadian subsidiary called Sirius XM Canada an affiliate company that provides Sirius and XM service in Canada. At the end of 2013 Sirius reorganized their corporate structure which made Sirius XM Radio Inc. a direct wholly owned subsidiary of Sirius XM Holdings Inc. Sirius XM Radio was formed after the U.S. Federal Communications Commission approved the acquisition of XM Satellite Radio Holding Inc. by Sirius Satellite Radio Inc. on July 29 2008 17 months after the companies first proposed the merger. The merger brought the combined companies a total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging. The deal was valued at $3.3 billion not including debt. Through Q4 2015 Sirius XM has 29.6 million subscribers.