Competition Bureau signs off on XM, Sirius merger

TORONTO - The merger of XM Canada and Sirius Canada is one step closer to fruition after the Competition Bureau proffered its blessing to the proposed union this week.Canadian Satellite Radio Holdings (CSR), the parent company of XM Canada, said that it was “pleased” by the Competition Bureau’s announcement that it does not intend to make an application to the Competition Tribunal to challenge the proposed acquisition of Sirius Canada by CSR."Coming on the heels of last week's CSR shareholder approval, (the Bureau’s) announcement is another exciting step forward in the process towards the proposed merger”, said CSR executive chairman, John...