Justice Dept. approves XM-Sirius merger

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Justice Dept. approves XM-Sirius merger

The Justice Department on Monday approved Sirius Satellite Radio Inc.’s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc., saying the deal was unlikely to hurt competition or consumers. The transaction was approved without conditions, despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.

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