FINALLY!!!!

The U.S. Justice Department on Monday approved the proposed $4.22 billion purchase of XM Satellite Radio (XMSR) by Sirius Satellite Radio (SIRI) after concluding a combined XM-Sirius would not harm consumers.

The deal still needs approval from the Federal Communications Commission, which is expected to follow the Justice Department's lead.

Man, It has been awhile since I kept the discussion alive on the Sirius/XM merger. Recently the approval talks have been getting closer to finalization. And the fact that the FCC says they will reach a decision by the first quarter of 2008 makes me even more confident that this merger is going to go through.