Sirius, XM extend merger agreement to May 1st
Friday, February 29, 2008 at 12:13 PM
Tags: Merger, Sirius, XM
Sirius and XM just announced that they will extend their agreement to merge until May 1st, 2008. Actually, the verbiage is that the companies "have agreed not to exercise their rights to terminate" but it means essentially the same thing.
The interesting thing is that they chose 2 months as their window of extension. One would hope that the extra time would be enough for the DOJ and FCC to come to a decision, but we thought the same thing back in December as well.
Either way, the saga continues...
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Comments
Two months.....March and April.....
Posted by: Anonymous Coward | February 29, 2008 12:22 PM
I stink. Updating now.
Posted by: Ryan Saghir | February 29, 2008 12:25 PM
I think 2 months is fine. Hopefully DOJ and FCC get a little bit more pressure into accepting this merger. If they were to give them 3 years that means they would just take that long to decide. These politicians are horrendeous, they should work a real job.
Posted by: Anonymous But Not Coward :) | February 29, 2008 12:46 PM
Oh great... I just wish they walked away... this is BS at this point... However... If I were managment, I would think about continuing the agreement untill there was actually a decition from the DoJ and FCC. Just to see what they have to say.
Posted by: jeff | February 29, 2008 12:47 PM
I t seems that they will walk away if the deal is still stalled by then.
Many expected more but this is logical considering that this deal is pending for more than a year.
Nicely done Mel! Let the DOJ and the FCC to figure out what they will do with a dead XM after sometime. Sirius will rule with no limitations and no price limits. Howard Stern will truly be the king of all media. Forget a-la-carte Mr. Martin. Terestrial radio just postponed its loss.
Posted by: Tigerman | February 29, 2008 1:12 PM
great, more time to hear ESD shoving dildoes up his ass
Posted by: RonAndFezNoonTo2:40 | February 29, 2008 1:13 PM
2 more months of hearing about Georgetown.... YAY!!!!!!
Posted by: banff21 | February 29, 2008 1:42 PM
This is embarrassing how long this is taking. If the reject it after stalling this long they should all be fired and a whole new system for evaluating anti trust issues should be created. I cant imagine after meeting with all the concession people 25 freaking times that they are going now say, you know what, were just gonna go with no on this one...if thats the case, it will be a case study for college kids one day about how inefficient our govt is and how that lead to killing to companies that really could have forced good competition for other audio products...this truly is sad...
Posted by: bapamex | February 29, 2008 2:16 PM
This is REDICULOUS!! APPROVE THE MERGER ALREADY!!!!!
Posted by: xoxo | February 29, 2008 2:21 PM
^^Great job 0.0 fans. You get some washed up old cunt from Howards show that fucked the Sybian, and while she's in studio wearing a strap-on, you get a fucking intern to stick a dildo up his own ass. THATS HOT.
Posted by: Anonymous Coward | February 29, 2008 2:24 PM
i jesus christ want the merger approved now so i can get my stock money
Posted by: jesus christ | February 29, 2008 2:37 PM
How foolish of both companies to extend this. Both made the point that they are fully funded. I hope the DOJ calls their bluff.
Posted by: Boardroom Jimmy | February 29, 2008 2:46 PM
Mel is hoping for something that will never be.
Posted by: LAPTOP GAMER | February 29, 2008 3:21 PM
I agree with all the comments in this entry.. give yourselves a clap.. or the clap.. whichever you prefer...
Posted by: Anonymous Coward | February 29, 2008 4:22 PM
I look forward to the merger either being approved or denied to hopefully stop every discussion from being Howard Stern vs. Opie & Anthony.
Both have their fans. Enough 0.0 and Hoo Hoo horseshit.
End the debate either way and allow healthy sat rad discussion.
Posted by: Jeremy Coleman | February 29, 2008 7:21 PM
With the merger off the table at least both companies can develop survival strategies that don't rely on the damned FCC. Either way, I'll be listening to both Stern and O&A - fortunately, this doesn't actually require a merger.
Posted by: flatus eruptus | February 29, 2008 7:32 PM
i liked it better when XM and SIRIUS hated each other, the music programming was better, that and we need an improved INNO!
Posted by: LAPTOP GAMER | February 29, 2008 9:38 PM
This shows the DOJ is a farce.and does not do what they should be doing.
The DOJj is now past the point of looking Bad.
Posted by: John | February 29, 2008 10:59 PM
This whole thing stinks. This whole thing plays out like a bad movie. Were all waiting around for the hero to come in bitch slap these freakin asses in congress!! The NAB needs to stop paying people off and let this merger happen, grow up and fight these companies on even ground. If you are so great you shouldn't have a problem with this merger. If not tough shit!!!!!!!!, Charles Scott, satellite rules!!
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