XM, Sirius Swap $20M Fines For $3.5B Merger

Law360, New York (July 28, 2008, 12:00 AM EDT) -- The U.S. Federal Communications Commission has voted to approve the controversial $3.5 billion merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. with a list of conditions it says will protect consumers from anti-competitive harms and offer them better service.

Although opposition to the merger has focused on its possible anti-competitive effects, its approval was made possible by a concession that had nothing to do with competition.

Commissioner Deborah Taylor Tate, the last undecided vote on the FCC, decided to support the deal...
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