The brand-new House Committee Antitrust Task Force took up the proposed merger between the nation’s two satellite radio companies Wednesday, discussing technology, economics and personalities. Antitrust law, which will weigh big in the deal’s ability to win government approval, received very little airtime.
Sirius Satellite Radio Inc.’s CEO Mel Karmazin was the headliner at the standing-room-only event as he pitched his company’s merger with rival XM Satellite Radio Holdings Inc. He did his best to express his willingness to work with regulators and Congress to get the deal approved. But if the deal is ultimately rejected, he said, both XM and Sirius would be able to go on as separate and viable businesses.
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