Satellite merger closer to approval for Sirius and XM

By: The Associated Press
By: The Associated Press

Looks like that proposed marriage of Sirius and XM satellite radio is getting closer to the "I do" stage. The merger is pending the approval of the Federal Communications Commission.

The panel is divided on the issue, with two commissioners in favor and two opposed. The one on the fence is said to be ready to support the merger, if the companies settle their past rules violation.

Sirius has been poised to take over its sole rival in the satellite radio business, XM Satellite Radio. The companies announced their intention to merge in February of last year. The Justice Department cleared the combination this past March.

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