DMX, Muzak issued a Second Request
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]