Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, March 2, 2024 | Back issues
Courthouse News Service Courthouse News Service

DOJ Approves Merger Of XM & Sirius Radio

WASHINGTON (CN) - The Justice Department on Monday approved the $5 billion merger of XM and Sirius radio networks, allowing a monopoly in the satellite radio business. The merger still must be approved by the Federal Communications Commission. The Justice Department said it approved the deal because it had determined that a merger was not likely to restrict competition or raise prices for the subscription service, as merger opponents claim.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.