Sirius radio’s $4.6B XM deal faces serious scrutiny

SATELLITE dishes on a rooftop in New York City, where Sirius has its headquarters in Rockefeller Center. /
SATELLITE dishes on a rooftop in New York City, where Sirius has its headquarters in Rockefeller Center. /
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 yesterday, 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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