What is it with delayed mergers and agreements today? I just reported about the DoJ beginning its investigation of Google-Yahoo. Now, Ars reports that, after imposing draconian restrictions on the new company, the government is still holding up the XM-Sirius merger. Senators are telling the FCC to wait to approve the merger until they can tack on even more stringent minority-ownership mandates. Will the merger ever be approved - or will XM and Sirius just give up after another 450 grueling days?
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[...] go. Two commissioners are now on board with approving the XM-Sirius merger, which has already been held up for over 450 days and subjected to a host of draconian restrictions. No one knows who the third [...]
[...] will go through, as the FCC finally gets the third commissioner on board. But now, in addition to an enormous wait and a series of draconian restrictions on the new company, XM-Sirius will also be fined $20 million [...]