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FCC Aproves Sirius-XM Merger

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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.

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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%.
July 28, 2008 at 7:42 AM
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