Xm And Sirius Merger

[steveR]

DOJ Approves XM-Sirius Merger

 

WASHINGTON -- March 24, 2008: "After a careful and thorough review of the proposed transaction, the Division concluded that the evidence does not demonstrate that the proposed merger of XM and Sirius is likely to substantially lessen competition, and that the transaction therefore is not likely to harm consumers," said the Department of Justice's Antitrust Division as it approved the merger of XM Satellite Radio and Sirius Satellite Radio on Monday.

 

The division said it reached the conclusion "because the evidence did not show that the merger would enable the parties to profitably increase prices to satellite radio customers for several reasons, including: a lack of competition between the parties in important segments even without the merger; the competitive alternative services available to consumers; technological change that is expected to make those alternatives increasingly attractive over time; and efficiencies likely to flow from the transaction that could benefit consumers."

[gave20]

I didn't know xm/Sirius was for sale, how much are you asking?