DMX, Muzak issued a Second Request

Tuesday, May 29, 2007 at 12:49 PM
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MuzakDMXThere'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!

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Comments

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...

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