Sirius radio’s $4.6B purchase of XM faces scrutiny

Sirius Satellite Radio Inc.’s $4.57 billion purchase of XM Satellite Radio Holdings Inc. faces opposition from regulators, legislators and other broadcasters, Bloomberg News reports. The deal, announced Monday, would combine the only satellite radio services and thus might be banned under U.S. antitrust laws. “The companies would need to demonstrate that consumers would clearly be…

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