Saturday, July 26, 2008

FCC Aproves Sirius-XM Merger

This has been a long time coming but finally the FCC has finally approved the merger of Sirius Satellite Radio with XM Satellite Radio. The combined entity is pretty much a monopoly in the satellite radio space but they are still competing with terrestrial radio. Either way, their stocks, NASDAQ:SIRI and NASDAQ:XMSR should get a good boost on Monday.

1 comment:

Unknown said...

OK. This didn't pan out as expected. As I write this, SIRI is down 6.67% and XMSR is down 5.15%.