Sirius Satellite Radio Inc. chief executive Mel Karmazin on Tuesday afternoon continued wheeling and dealing by agreeing to offer regulated lower prices for satellite radio services if the government agrees to a controversial merger between the two U.S. satellite radio providers.

In return for some form of price controls, Karmazin hopes the Federal Communications Commission and other agencies approve the controversial $13 billion merger between Sirius and XM Satellite Radio Inc.

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