XM, Serius merger approved by DoJ
Earlier this month XM and Sirius extended their merger deadline by two months and it looks like that was a good decision.
The US Department of Justice today gave the merger their blessings, saying that the merger “is not likely to harm consumers.”
They believe that market conditions would prevent the combined company from raising prices and competitors such as traditional terrestrial radio, HD radio, MP3 players, and other wireless technologies make for a competitive market.
The merger needs one more approval before its allowed to proceed, that being from the Federal Communications Commission who isn’t likely to block the merger but may add conditions to the merger such as pricing, a la carte programming, and service bundles.
[Via Ars Technica]