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Sirius purchase of XM gets antitrust approval

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.

Vested Interest: 
SIRI
Stock Symbol: SIRI SIRIUS XM RADIO I Stock Price: $1.30 Todays Change: +0.04 (+3.17%)