FCC Said Rule Barring Satellite Radio Merger Could Be Changed
More noise on the potential hook-up of XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI).
Both stocks spiked higher today after FCC Chairman Martin said the rule banning a merger of the two satellite radio companies could be changed. He said he was not aware of a request to change the rule.
Yesterday, both stocks were down after the FCC mentioned the rule barring the merger of the two.
Both stocks spiked higher today after FCC Chairman Martin said the rule banning a merger of the two satellite radio companies could be changed. He said he was not aware of a request to change the rule.
Yesterday, both stocks were down after the FCC mentioned the rule barring the merger of the two.
Labels: SIRI, Sirius Satellite Radio, XM Satellite Radio, XMSR
posted by Lon at 4:28 PM
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