XM Merges With Sirius

Earlier today, the Justice Department approved Sirius Satellite Radio's proposed $4.59 billion (!) aquisition of satellite old-schooler XM Satellite Radio.

This decision created one single US satellite radio provider.

In response to questions fearing a monopoly, the Justice Dept. said " the combined company won't be able to raise prices profitably because of competition from such forms of audio entertainment as broadcast radio and MP3 players."

Read the rest of the article here.

Recommended for You

Powered by SailThru


All-access pass to the top stories, events and offers around town.

  • Top Stories


All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >