Pending merger of XM and Sirius.

Consumers are eager for a message from the combination of Sirius Satellite Radio and XM Satellite Radio. The merger has been more stifling than expected as a result of close monitoring of the Department of Justice and FCC. A few months ago to receive instructions in terms of faster convergence has been approved. That did not happen, but it is assumed that approval may not come until the end of May or June.

Currently, the FCC is expected to accept integration as a simple condition. A few months ago, the term of approval of the DoJ is reviewing the proposed combination announced last year. DOJ report does not exclude the possibility of action in this case. This is certainly welcome news. Department of Justice has concluded after months of analyzing the proposed combination will be to avoid competition. This means that the rifle was sent to the FCC approval. Satellite radio licenses if the FCC first proposed in 1997, which prohibits mergers.

E 'was developed by the Attorney - General, referring to choose countries. Countries want to deny the FCC the proposed combination for the prevention of competition. If the FCC continues to prior approval for the merger, in countries where companies want FCC to include rent-free satellite radio, satellite bandwidth available. No decision is required.

Sensitive to the fact that no final decision was for the merger, XM and Sirius agreed to postpone the annual meeting of shareholders that are held in the base year. Postponement of the meeting is more about the combined Sirius and XM. The meeting was originally scheduled for Friday at 1 boleh. It is scheduled for May 20 to move away. Approval by shareholders of the combination is offered by both Sirius and XM in November 2007.

When the merger should be shared core XM and Sirius Sirius is the acquisition of XM, approximately $ 5 billion. Sirius and XM combined efforts will create more than 17 million subscribers via satellite. General Manager.

by Bob Maines