With the Department of Justices issuing a no strings attached approval of the merger, U.S. Electronics, a former hardware supplier for Sirius (XACT) and XM is asking that the satellite radio providers be required to open up access to their technology. Such a move would make the manufacture… → Read More
So When Will The FCC Decide on Sirius-XM?
Now that the Department of Justice has rendered their decision regarding the merger of Sirius and XM the next logical question is when the FCC will make their decision. The answer is another great unknown in the world of satellite radio. Speculation ranges from days to weeks, and… → Read More
UBS Issues Report On Sirius XM Approval
Lucas Binder of UBS issued a report today on the DOJ approval of the Sirius and XM merger. REPORT EXCERPTS SIRI-XMSR Merger Approved by DOJ Merger approved by the Department of Justice Today the DOJ approved the SIRI-XMSR merger. The DOJ concluded that the acquisition would not harm… → Read More
Stifel’s Levin Issues Report On Sirius/XM Decision
Stifel analyst Blair Levin issued a report today on the DOJ decision to approve the merger. REPORT EXCERPTS DOJ Clears XM-Sirius Merger Without Conditions;FCC End Game Next • The DOJ has announced it will not move to block the proposed satellite radio merger of XM (XMSR) andSirius (SIRI),… → Read More
NAB Weighs in on DOJ Approval of Sirius XM
The National Association of Broadcasters has added their two cents to the merger decision. It should be of little surprise that they are disappointed. The NAB issued the following statement today regarding the Justice Department’s approval of the Sirius-XM merger and following statement can be attributed to NAB… → Read More
DOJ Hurdle Cleared – All Eyes On FCC
With the announcement today that the Department of Justice has approved the merger, all attention now shifts to the FCC. While getting the antitrust issue out of the way was a large accomplishment, the merger can not be consummated until the Federal Communications Commission gives their blessing on… → Read More
DOJ Approves Sirius XM Merger
Merger is approved by DOJ. News surrounding the approval is just now crossing wires. More details to follow. DOJ LINK Statement of the Department of Justice Antitrust Division on its Decision to Close its Investigation of XM Satellite Radio Holdings Inc.’s Merger with Sirius Satellite Radio Inc. Evidence… → Read More
Could FCC Position On Phone Service in Apartments Spill Over Into SDARS?
The FCC has issued a decision that effectively bans exclusive deals between telephone carriers and apartment building owners. The issue centered around the fact that a telephone carrier choice was taken away from consumers because apartment building owners had an exclusive relationship with a specific telecom carrier. The… → Read More
Bear Stearns Takes A Brow Beating
With the sub prime situation being a headline in the news, and the Bear Stearns situation of last week, it is amazing to think that this little comedy clip is over 6 months old. Thanks Eduardo, and be well!!
Preliminary Settlement of Merger Class Action Upcoming
At one point in the early part of the merger process, a class action lawsuit was brought against Sirius by a pair of shareholders who sought additional disclosures prior to the shareholder vote. An agreement was reached regarding this, and additional information was presented to shareholders in the… → Read More
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