Sirius purchase of XM gets antitrust approval
Overdue
The U.S. Justice Department on Monday approved the
proposed $4.22 billion purchase of XM Satellite Radio by Sirius Satellite Radio
after concluding a combined XM-Sirius would not harm
consumers.
The deal still needs approval from the Federal Communications Commission, which is expected to follow the Justice Department’s lead.
The deal, announced in February 2007, would combine the only two providers of satellite radio in the United States.
Wonder who will panic about brain overload?
The deal still needs approval from the Federal Communications Commission, which is expected to follow the Justice Department’s lead.
The deal, announced in February 2007, would combine the only two providers of satellite radio in the United States.
Wonder who will panic about brain overload?
Posted: Mon - March 24, 2008 at 08:41 PM