XM And Sirius Satellite Radio Companies Get The Green Light
Read 40,723 TimesPosted Mar 25, 2008, 10:32 ET by Jason
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SIRIUS Satellite Radio and XM Satellite Radio today announced that the U.S. Department of Justice (DOJ) has informed the companies that it has ended its investigation into the pending merger of SIRIUS and XM without taking action to block the transaction. This decision means the DOJ has concluded that the merger is not anti-competitive and it will allow the transaction to proceed. SIRIUS and XM each obtained stockholder approval in November 2007. The pending merger is still subject to approval of the Federal Communications Commission.

Source: XM Radio


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