Jul
26
Posted on 26-07-2008
FCC approves Sirius Satellite acquisition of XM (Reuters)
Filed Under (Uncategorized) by admin on 26-07-2008

A woman walks past the waiting area of the XM Satellite Radio building after the U.S. Justice Department approved that Sirius Satellite Radio's $4.59 billion purchase of rival XM Satellite Radio would be given antitrust clearance in Washington, March 25, 2008. XM Satellite Radio Holdings and Sirius Satellite Radio said they could pay up to $19 million to settle past compliance issues with federal regulators, a move that helps clear the way for U.S. Federal Communications Commission approval of their merger. (Larry Downing/Reuters)Reuters - Sirius Satellite Radio Inc’s purchase of XM Satellite Radio Holdings Inc was approved with conditions by U.S. communications regulators on Friday, clearing the way for a deal that will leave just one U.S. satellite radio service.


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