Just another WordPress.com weblog

XM and Sirius extend merger deadline by 2 months


Last February Sirius and XM satellite radio services announced a proposed merger of the two companies and set a deadline of March 1, 2008, for the companies to walk away from the deal if US regulators had not yet approved the deal.

Today’s March 1, and the two have announced that they would be extending the deadline by two months with the hopes that the FCC and Department of Justice will approve the deal.

The traditional radio industry isn’t a fan of the deal, saying that the move would be anti-competitive.

[Via Reuters]


Comments are closed.