Despite DOJ's Nod, Sirius-XM Deal Still Faces Hurdles

Law360, New York (March 24, 2008, 12:00 AM EDT) -- The Department of Justice said Monday that it will not to stand in the way of a merger between XM Satellite Radio Holdings Inc. and Sirius Satellite Radio, finding that there is little competition between the two companies and rebuffing calls to thwart the deal.

“After careful and thorough review of the proposed transaction, the division concluded that the evidence does not demonstrate that the proposed merger of XM and Sirius is likely to substantially lessen competition, and that the transaction therefore is not likely to...
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