TITLE

A Merger and a Prayer

PUB. DATE
April 2007
SOURCE
Forbes Asia;4/16/2007, Vol. 3 Issue 6, p14
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author comments on the proposed merger between satellite radio broadcasters, XM and Sirius. He says that the merger faces serious regulatory obstacles, primarily for anticompetition reasons. According to U.S. Federal Communications Commission Chairman Kevin Martin, the antitrust hurdle will be high. Critics peck that the two firms got the green light to go into business a decade ago because they would be competing, not combining, and thus would not be in a position to gouge customers.
ACCESSION #
24939930

 

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