NEW YORK — Sirius Satellite Radio Inc. (SIRI) Chief Executive Mel Karmazin said Monday that he would like to buy arch-rival XM Satellite Radio Holdings Inc. (XMSR), but price and regulatory hurdles would be an issue.

Karmazin, speaking at a conference in New York, however stressed that Sirius’ business plan “doesn’t really involve our doing a deal” and indicated he wasn’t interested in Sirius being bought.

“Regarding XM - would we like to buy them? Sure. We’d love to buy them. Price would matter, so that would be an issue … (and) there would definitely be the regulatory issue,” he said.

“From our point of view, we don’t see — other than if it was in the best interests of our shareholders — that we would be interested ever in being acquired,” Karmazin added.

source: http://www.foxnews.com/story/0,2933,200993,00.html