Finally. I thought yesterday would never come.
The U.S. Justice Department on Monday approved the proposed $4.22 billion purchase of XM Satellite Radio (XMSR.O) by Sirius Satellite Radio (SIRI.O) after concluding a combined XM-Sirius would not harm consumers.
The deal still needs approval from the Federal Communications Commission, which is expected to follow the Justice Department’s lead.
The deal, announced in February 2007, would combine the only two providers of satellite radio in the United States.
Does this mean I will rush out and sign up for satellite radio again? Nope. Nothing they do will make me want satellite radio again. Sure, it’s nice to have sometimes, but it’s not something I will be willing to pay for again any time soon.
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