They are either going to kill this merger or the 2 will go belly up while still waiting. Hurry up a decide already! Customers and potential customers are in a severe holding pattern waiting to see what happens and then what comes down the pipe.
HD MM said:This merger is taking entirely too long to complete. (Over a year). The merging of Sirius and XM is in no way a monopoly. Right now, these companies represent only 4% of the national radio market!
And in each of these cases, there was competition within the same market.HD MM said:Examples of other controversial mergers approved by the Department of Justice that were NOT considered monopolistic (Shows how silly this stink over XM/Sirius is).....
-Exxon Mobil merger took 11 months in 1999 and has grown into the largest privately held company in the world. ExxonMobil has the largest sales and profits from any privately- held company ever in 2007.
-Whirlpool's purchase of Maytag took 7 months to approve in 2006. At the time, Whirlpool was the market's largest appliance manufacturer and Maytag was the second. After the acquisition's approval, Whirlpool manufactured over 50% of the dishwashers in the U.S. and 70% of the clothes washers and dryers. Analysts agree that Whirlpool's products' prices have risen since the acquisition.
-AT&T's purchase of Cingular, in 2004, took 7 months to be approved. It created the nation's largest cell phone company.
If they don't merge 1 or both could be dead within a decade, and it still may happen even if they merge. Not only will terrestrial radio and HD radio hurt them, global wifi will be a thing very soon. In my town there is a town wide free internet all of us can connect to. Speeds are too awfully bad and in time they will have radios that jump from wifi to wifi buffering and playing audio.