There's another merger going on in the ever popular audio-over-satellite market, with Muzak and DMX looking to tie the knot.
And just like our own Sirius-XM merger, the DOJ has issued a "Second Request" under the Hart-Scott-Rodino Act. Both companies submitted an HSR filing to the DOJ back in April, asking for antitrust regulators to give the go-ahead for the merger.
If merged, the newly formed entity would be packaged and sold to an unnamed third party.
"We believe the additional information requested will serve to confirm that a merger of the two companies will not adversely affect competition, will result in significant synergies for the combined companies, and will benefit our customers," a Muzak spokesperson said.
With both DMX-Muzak and Sirius-XM looking to merge, you have to wonder whether regulators are questioning the strength that satellite-based companies possess, versus their earth-bound competitors.
[Digital Music News]
Thanks Tim!
Where da hood, where da hood, where da hood at?!
I can see it now, "Hi, I represent the NAB. I'd like to say I oppose this merger. It's bad for the American consumer. However will they choose what to listen to in the elevator and while shopping at the mall if they don't have a choice in background music providers? This represents a threat to radio!"
HAHAHAHAHAHAHA
It's important to note that this is an important service for no one... so there...
Rememer when DMX Music was so great, some of the best music ever, back in the early 2000's on your cable system.
I heard some of their stuff recently and it sounded so corporate, awful.
Why are these corporations allowed to destroy our entertainment industry?
I love reading comments from stupid people that have no idea what they are talking about. They remind me of my 5 year old that enjoys talking just to her herself.
If you have an actual opinion that makes sense and has merit, great. Otherwise, please flip your next burger and get off the computer.