DOJ to approve XM-Sirius merger this week?


While it would still require FCC approval, Bear Stearns analyst Robert Peck said Friday in a research note to clients he expected DOJ’s approval of the XM-Sirius merger as soon as today. The note sent both companies’ stocks up in Friday trading (see Radio Stocks). The move would likely increase the chances of FCC approval, where a decision is expected sometime this month. Also see our RBR News Analysis today on implications of the merger.