Analyst: XM/Sirius Okay May Be On the Way
The merger between satellite radio companies XM and Sirius, given a less-than-strong chance for passage when it was announced, will likely be ruled on in the next 30-60 days, with a more than 50 percent chance of passage, b9E079FAC-BEEF-4854-97DD-86119101C6B6
d&print=true&dist=printTop“ target=”_blank”>an analyst told MarketWatch on Friday.
David Bank of RBC Capital said that regulators with the Department of Justice may agree that portable music, terrestrial, and HD radio count as competition for the combined satellite radio entity, making the merger compliant with anti-trust laws. Bank also told clients that the FCC will likely not disagree with Justice’s decision.