Sirius Votes To Merge With XM

  • November 14, 2007
Shareholders of Sirius Satellite Radio gave a thumbs-up vote to the proposed $13.6 billion purchase of XM. That decision sent Sirius shares up in trading. But for the Sirius-XM deal to get the official okay, it must be approved by the FCC and the Department of Justice. Some officials fear that the venture would create a monopoly.

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