The conclusion of the XM-Sirius (NSDQ: SIRI) saga are playing out like the final 2 minutes of a close basketball game. All signs are that the deal will be approved. It was reported yesterday that the swing voter on the FCC, Deborah Taylor Tate, would approve the union, provided XM (NSDQ: XMSR) and Sirius agreed to some last minute enforcement actions, including a fine. Now the two companies have ...
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U.S. regulators reached an agreement to conditionally approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc as the companies said they would pay millions of dollars to settle allegations of past rule violations.
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The Federal Communications Commission was close to an agreement Wednesday to conditionally approve the merger of Sirius Satellite Radio and XM Satellite Radio, three FCC officials said.
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The Federal Communications Commission said today it fined XM Satellite Radio and Sirius Satellite Radio about $20 million for past technical violations, in what may be the final step before approving the companies' merger.
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