CEA Praises XM/Sirius Approval
The Consumer Electronics Association on Tuesday praised the decision the day before by the Department of Justice to approve the merger between XM and Sirius Satellite Radio. The industry group also urged a quick approval by the FCC, which is now the lone remaining hurdle for the acquisition.
“We applaud the Department of Justice for acting in the public interest to provide clarity in the marketplace and confidence to consumers,” the CEA said in a statement issued to reporters. “To the extent consumers have been awaiting a decision on this merger to purchase satellite radio systems, they can now move forward with confidence.”
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