XM & Sirius One Step Closer To Merger

Today XM and Sirius verified that they are compliant with the Department of Justice’s second request for additional company information. This is one step ahead in the quest for the two companies to complete their merger. Says Sirius CEO Mel Karmazin:

I think we paid a little bit over $1 million just for photocopying the material that we had to send them, and that doesn’t include any of the electronic [filings],

Christ, $1 million for photocopying? Bet Xerox busted out a bottle of Cristal with a side of chips and salsa. No double-dipping, please.

Sirius & XM certify compliance with Second Request [Orbitcast]