Thread: XM/SIRIUS Merger Vote Now TIED

XM/SIRIUS Merger Vote Now TIED

It's come down this the wire, and there is only one vote left. Will the merger between XM and Sirius be approved or not?
For more details and Scott's thoughts on the merger please
CLICK HERE

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UPDATE: FCC looking for $20M in fines and other concessions in "tentative deal". For more CLICK HERE.

Orbitcast.com has a Wall Street Journal article up stating that Tate is going to approve the merger.


Report: Tate to approve Sirius-XM with M fine - Orbitcast.com

Originally Posted by mwgiii

Orbitcast.com has a Wall Street Journal article up stating that Tate is going to approve the merger.


Report: Tate to approve Sirius-XM with M fine - Orbitcast.com

I heard the same thing. (Isn't this a done deal, Scott?).....


EW YORK (Reuters)


- Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc, the Wall Street Journal reported on Thursday.

Republican commissioner Deborah Taylor Tate agreed to cast a tie-breaking vote in favor of the deal after winning several concessions from the companies involving enforcement issues.

"I think it's fair to say an agreement in principle has been reached," FCC Chairman Kevin Martin was quoted by the Journal as saying.

Yeah the FCC has reached a deal!!! Can you say PAYOLA Can we say blackmail---Can we say $20 Million Dollars in FCC fines---Can we say rate increase to cover these fines

Her vote is NOT in yet, so its not officially done.

Originally Posted by HD MM

I heard the same thing. (Isn't this a done deal, Scott?).....


EW YORK (Reuters)

- Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc, the Wall Street Journal reported on Thursday.

Republican commissioner Deborah Taylor Tate agreed to cast a tie-breaking vote in favor of the deal after winning several concessions from the companies involving enforcement issues.

"I think it's fair to say an agreement in principle has been reached," FCC Chairman Kevin Martin was quoted by the Journal as saying.

Scott amended his post before people questioned it.

to be honest it was 'tied' only in a technical sense. Commissioner Adelstein voted no only after he had reasonable assurance that Commissioner Tate would vote Yes. It was more of a protest vote than anything else.