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Sirius-XM merger approved

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  • Sirius-XM merger approved

    From CNN Breaking news...
    The Justice Department has approved a merger between Sirius Satellite Radio and rival XM Satellite Radio.
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  • #2
    Skeet.

    Comment


    • #3
      Now I may get it
      Be passionate about what you believe in, or why bother.

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      • #4
        WASHINGTON (AP) - The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.

        The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
        The buyout received shareholder approval in November. The companies said the merger will save hundreds of millions of dollars in operating costs—savings that will ultimately benefit their customers.
        The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.
        "The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term," the Justice Department said. "Accordingly, the division has closed its investigation of the proposed merger." XM Satellite shares rose $1.97, or 16.5 percent, to $13.90 in afternoon trading after the government's announcement while Sirius shares rose 28 cents, or almost 10 percent, to $3.18.
        Be passionate about what you believe in, or why bother.

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        • #5
          I am now rich. Maybe.

          Still no explanation as to why it took so long.

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          • #6
            So does this mean Stern will shut the fuck up about it now?

            Moon

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            • #7
              Originally posted by Moon Man View Post
              So does this mean Stern will shut the fuck up about it now?

              Moon

              He'll have to. He'll be too busy counting all the money he's making.

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              • #8
                So NFL and MLB ...hmm.. might have to check into this
                Sketch in STL
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                • #9
                  finally

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                  • #10
                    What does this mean for the average XM user? Like me?
                    Former 2017 OFFICIAL SPONSOR of Braves' Fill-In Matt Adams,
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                    • #11
                      So how long do you think this will take now?

                      Or more specifically, how long until we can use the built in XM on my wife's Honda to access Sirius programming???
                      To crush your enemies, see them driven before you, and to hear the lamentation of the women.

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                      • #12
                        So how quickly does their tiered packaging of channels take place?

                        "Can't buy what I want because it's free...
                        Can't buy what I want because it's free..."
                        -- Pearl Jam, from the single Corduroy

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                        • #13
                          Has anyone heard how the pre merger equipment will work? I have a fair amount invested in Sirius receivers.

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                          • #14
                            I bet they will still work, but there probably isn't a definitive answer just yet...

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                            • #15
                              Sirius/XM proposed pricing structure.

                              http://fjallfoss.fcc.gov/prod/ecfs/r...ent=6519869225
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