July 25 : Sirius and XM Merger Approved

On July 25, 2008 , The FCC approves the merger of the two satellite radio companies, Sirius and XM.

The Federal Communications Commission voted 3 to 2 to approve the buyout. The tie-breaking vote, from a Republican commissioner, Deborah Taylor Tate, came when the companies agreed to pay $19.7 million to the federal Treasury to settle F.C.C. rule violations

YouTube video

Total
1
Shares
Total
1
Share