The proposed merger between the two satellite radio companies was expected to be decided by the end of 2007. As 2008 approaches, there is no sign of a last minute action, so the wait will continue. To catch you up on the timeline, Sirius and XM filed their Consolidated Application for Authority to
Transfer Control with the Federal Communications Commission on March 20 th. On September 4, 2007, Sirius and XM certified to the DOJ that they were in substantial compliance with the Request for Additional Information. On November 16 th, the FCC Information Request was answered.
The FCC Comment Period is over, the requests for information have been answered, and the FCC timeclock is about 3 weeks beyond its 180 day goal. We’ll keep a close eye on this outcome. The decision will be interesting and will impact many future mergers and proposals.
For more information and to stay up to date on the news regarding this proposed merger, you can check out the FCC website at http://www.fcc.gov/transaction/xm-sirius.html.
James Crane is an attorney, consultant and author with extensive experience in e-discovery management. In his practice, James has defended corporate clients in a variety of complex matters including multi-jurisdictional class actions and internal corporate and government regulatory investigations.
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