Merger Close To Completion

By Associated Press
.

Sirius and XM satellite radio one step closer to merging. Merger Close To Completion
Published: Thu, July 24, 2008 - 6:59 am Last Updated: Thu, July 24, 2008 - 7:04 am
WASHINGTON (AP) - Looks like that proposed marriage of Sirius
and XM satellite radio is getting closer to the "I do" stage. The
merger is pending the approval of the Federal Communications
Commission. The panel is divided on the issue, with two
commissioners in favor and two opposed. The one on the fence is
said to be ready to support the merger, if the companies settle
their past rules violation. Sirius has been poised to take over its
sole rival in the satellite radio business, XM Satellite Radio. The
companies announced their intention to merge in February of last
year. The Justice Department cleared the combination this past
March.

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