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It’s been more than a year since the proposed XM-Sirius merger was announced and we’re no closer now to a combined company than we were then. But there’s hope… maybe! Actually, XM and Sirius just extended the deadline by two months for the deal to go through (or not). Now the satellite radio companies have given the Feds till May 1 for the thumbs up or thumbs down.
So only two more months of teasing to go. Unless they extend the deadline again. All this futzing around must please the shareholders.
XM and Sirius extend merger deadline by 2 months [Reuters via Drudge Report]