Sirius Satellite Radio Inc. (SIRI) – XM Satellite Radio Holdings Inc. (XMSR) Deal Gets Congressional Support
A group of Democratic members of Congress have announced support for the proposed merger between Sirius Satellite Radio and XM Satellite Radio. However, this support still may not be able to sway government regulators with the power to make or break the deal. These members sent a letter to the Federal Communications Commission Chairman, Kevin Martin. They urged him to support the union of Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR). Because this merger must receive approval from the FCC, as well as the Department of Justice, this letter was crucial in gaining support. The group says that…