Circuit City Sirius

Wednesday, November 14, 2007

Shareholders Back Satellite Radio Deal

Shareholders approved a trade yesterday to let to get its rival, , for about $5 billion, but the biggest hurdle have got yet to be faced: regulating blessing in .

The companies said they still hoped to finish the trade by the end of the year.

Shareholders of Dog Star and XM had been widely expected to O.K. the deal, which would let the companies to salvage costs on programming, acquiring endorsers and broadcasting.

It will be more than hard getting the trade approved in Washington, where it will necessitate clearance by the Department of Justice and the . Respective consumer groupings have opposed the combination.

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