If you’ve been dreaming of the day when XM Radio and Sirius Satellite would climb into bed together and cuddle, it may be coming. The Department of Justice has approved the merger of the two. Now, however, its off to the FCC for approval. In case you didn’t know, the FCC holds more sway than the DOJ in these cases. Instead of a link, here’s the entire press release:

MERGER OF SIRIUS AND XM CLEARS DOJ

XM and SIRIUS Working with FCC to Secure Final Regulatory Approval

New York and Washington – March 24, 2008 – SIRIUS Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) today announced that the U.S. Department of Justice (DOJ) has informed the companies that it has ended its investigation into the pending merger of SIRIUS and XM without taking action to block the transaction. This decision means the DOJ has concluded that the merger is not anti-competitive and it will allow the transaction to proceed. SIRIUS and XM each obtained stockholder approval in November 2007. The pending merger is still subject to approval of the Federal Communications Commission.

written by Tyler Regas