The nascent Antitrust Task Force of the House Judiciary Committee announced it will hold a hearing Wednesday on the proposed merger between Sirius and rival XM Satellite Radio Holdings, with phrasing that suggests lawmakers could support the deal. For antitrust regulators, the key question will be whether the market is narrowly limited to the two satellite radio services or should be broadly viewed as comprising all digital music.
February 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Getting summoned to a Capitol Hill hearing is rarely a positive sign for company execs seeking federal merger approval, but this time it could be good news for Mel Karmazin, CEO of Sirius Satellite Radio Inc.
The nascent Antitrust Task Force of the House Judiciary Committee announced it will hold a hearing Wednesday on the proposed merger between Sirius and rival XM Satellite Radio Holdings Inc., with phrasing that suggests lawmakers could support the deal.
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