Sirius-XM merger approved

[Ohio Blues]

From CNN Breaking news...

The Justice Department has approved a merger between Sirius Satellite Radio and rival XM Satellite Radio.

[TripMcNeely]

Skeet.

[madyaks]

Now I may get it

[madyaks]

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.

[Celtic]

I am now rich. Maybe.

Still no explanation as to why it took so long.

[Moon Man]

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

Moon

[Celtic]

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.

[sketch]

So NFL and MLB ...hmm.. might have to check into this

[MsFunkay]

finally

[drobny23]

What does this mean for the average XM user? Like me?

[ort]

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???

[007]

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

[jack jones]

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

[ItsOnlyTheRiver]

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

[BringBackZezel]

Sirius/XM proposed pricing structure.

http://fjallfoss.fcc.gov/prod/ecfs/retrieve.cgi?native_or_pdf=pdf&id_document=6519869225