May 01 2008
Sirius - XM merger receives approval
It has been in the works for a long time, just over a year now and at this point many were thinking the approval would never happen. However, it seems the latest two month extension for the merger deadline was just was they needed. The Department of Justice has approved Sirius’s $5 billion buyout of XM Radio, however no information was given on just when the merger will officially take place.
According to the DOJ: “Evidence Does Not Establish that Combination of Satellite Radio Providers Would Substantially Reduce Competition”
Keep reading for the full Department Of Justice Statement below…
http://www.gadgetell.com/tech/comment/breaking-sirius-xm-merger-receives-approval/
