Justice Department approves Sirius-XM merger
After a year of review, The Department of Justice has approved the merger of satellite radio companies Sirius Satellite Radio and XM Satellite Radio Holdings.
The deal also requires the approval of the Federal Communications Commission. But the ruling is sure to be controversial and is likely be a sign of things to come for other industries.
The deal raised antitrust concerns because it combined the only two major players in satellite radio. But the two sides… Continue Reading