U.S. moving "quickly as possible" on Sirius-XM


U.S. MOVING "QUICKLY AS POSSIBLE" ON SIRIUS-XM

US MOVING "QUICKLY AS POSSIBLE" ON SIRIUS-XM
[SOURCE: Reuters]
The Justice Department is moving "as quickly as possible" in its antitrust review of Sirius' acquisition of XM, Thomas Barnett, assistant attorney general at the Justice Department, said on Tuesday. XM Satellite and Sirius have defended their planned merger, saying it is not anti-competitive because they compete with broadcast radio as well as MP3 players and other technology. Mr. Barnett was asked about the review at a congressional hearing but declined to say when it would be completed. "We want to do that as quickly as possible, but we also want to get to the right answer," Barnett told lawmakers on the antitrust task force of the U.S. House of Representatives Judiciary Committee.
http://www.reuters.com/article/technologyNews/idUSN2544216920070925

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