Washington (DC) - After months of government probing and questions of antitrust violations, the merger between the two satellite radio services may be coming to a close, according to a news report.

The $4.6 billion deal was first announced last February.  However, the companies cannot merge until they receive regulatory approval.  Because there are no other satellite radio providers, some have suggested that pulling them together would create a monopoly.

Wall Street analyst site Briefing.com has quoted an unnamed source as saying that the deal may be finalized before the end of the month.  

XM and Sirius have contended that standard AM/FM radio is still a viable competition, as are other portable media devices.  The merger is widely expected to go through without regulatory hurdles, but the mandatory review process has taken several months.

rumor, not report

Jan 25, 2008 16:06     

You should really vet sources before writing a whole story based on such garbage. Briefing.com is not a "Wall Street analyst site" it is a daytrader rumor rag. They have no sources, just unsubstantiated rumors from daytraders. They said the deal could happen tonight, too bad that was back on 1/23. Just another worthless rumor...
observer report abuse vote down vote up Votes: +0

old story

Jan 25, 2008 17:55     

This story is several days old. Come back when you get something new.
Bill report abuse vote down vote up Votes: +0

RE: Briefing.com

Jan 27, 2008 16:13     

Can a "rumor rag" be on the 'Net? After all, it's all virtual and there's no paper, just screen. :^D I looked over Briefing.com's "About page" and they seem to provide more than just rumors. They also seem to provide price/volume moves, income reports, etc... I don't know if this is worth paying for. You can get price/volume moves free with TradeStation AND in real-time. I think Briefing.com's format might be too slow for daytraders.

Cypherdude report abuse vote down vote up Votes: +0

I love the rumors

Jan 28, 2008 15:00     

Every time someone dumps an xm-sirius rumor the stock jumps . It's great for buying low selling high ever month or so.
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