FCC Seeks Public Comment On Sirius-XM Merger
The Federal Communications Commission (FCC) issued a June 8 public notice seeking comment on the proposed merger of licensees Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
The FCC will decide whether the merger, announced Feb. 19 when it was valued at approximately $4.7 billion, is in the public interest if both broadcasters’ licenses were controlled by a single company.
Approval of the deal is also subject to the U.S Department of Justice, which will consider any competitive harm that might result if the companies combined.
An FCC review of a merger is typically conducted within 180 days, which would project a decision in December.