Private Equity Firm Opposes Sirius, XM Merger

Law360, New York (December 4, 2007, 12:00 AM EST) -- A minority-owned private equity firm filed its opposition to the proposed merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., saying the deal runs afoul of antitrust laws.

In a letter to the U.S. Department of Justice on Monday, Georgetown Partners LLC argued that the deal should be blocked because it will hurt consumers and not help anyone but the shareholders and managements of the two companies.

The letter, addressed to the head of the DOJ's antitrust unit, Thomas O. Barnett, said that...
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