Lengthy XM-Sirius Merger Review Raises Questions

Law360, New York (January 7, 2008, 12:00 AM EST) -- Despite wide expectations that the U.S. Department of Justice would wrap up its investigation of Sirius Satellite Radio Inc.'s plan to acquire rival XM Satellite Radio Holdings Inc. by the end of 2007, the agency's review is now approaching the ten-month mark, stirring debate over whether a court battle is on the horizon.

The Justice Department issued a second request for information regarding the proposed deal under the Hart-Scott-Rodino Act last spring – a process the companies had hoped would be completed by the winter holidays....
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