XM Shares Rise on Wal-Mart Deal

XM Satellite Radio Holdings Inc., the largest digital-radio company, rose as much as 20% after Wal-Mart Stores Inc. agreed to sell receivers that pull in the broadcaster’s signals.

Wal-Mart will sell XM SKYFi units made by Delphi Corp. for $129.99 and adapters for home and car use for $69.99, Delphi said. Shares of Washington-based XM Satellite were up $1.69 to $11.39 on Nasdaq.

From Bloomberg News