Wednesday, February 11, 2009
Posted by D. Daniel Sokol
One of the mergers that DOJ approved that has been one of the standard repertoire of cases by those who claim inaction by the Antitrust Division under Bush was Sirius/XM. The thought was that the deal, which DOJ approved unconditionally, would reduce competition. Fast forward just one year later and it looks like Sirius XM is in some serious trouble - a banckruptcy filing is likely on the firm's horizon.