Justice Dept. Approves XM-Sirius Merger

WASHINGTON -- The Justice Department on Monday approved Sirius Satellite Radio Inc.'s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc., saying the deal was unlikely to lessen competition or harm consumers. The transaction was approved without conditions, despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry. Read more...

Posted by Editor at March 25, 2008 09:01 AM