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Corey's Radio Blog

By Corey Deitz, About.com Guide to Radio since 2002

Justice Department Approves SIRIUS - XM Satellite Radio Merger

Monday March 24, 2008
Earlier today the U.S. Department of Justice approved the proposed merger between the country's two Satellite Radio providers, SIRIUS and XM Radio.

According to a report at bloomberg.com: "Sirius Satellite Radio Inc.'s proposed $4.59 billion acquisition of XM Satellite Radio Holdings Inc. won U.S. antitrust clearance to create a single U.S. satellite-radio provider. Shares of both companies surged."

The merger deal now needs the official blessing of the Federal Communications Commission.

Background on the Satellite Radio Merger:
* A Satellite Radio Merger: the Good, the Bad, the Ugly
* Satellite Radio Merger: "Ludicrous" and "Selfish"
* XM and SIRIUS Satellite Radio Announce Merger Agreement

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