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FCC Approves Satellite Radio Merger

3-2 vote OKs $3.3B Sirius buyout of XM, ends 16-month drama

By the Associated Press

Posted Jul 25, 2008 8:21 PM CDT

(AP) – Federal regulators formally approved the merger of the United States' only two satellite radio operators today, ending a 16-month-long drama closely watched by Washington and Wall Street. Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean...   Read full story »

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