Sirius and XM have had a rough time over the last year trying to convince the Department of Justice to approve their merge. Over a year later and they've finally gotten approval. The rumor that they were working on a deal first became public back in February of 2007 and it's taken this long for them to get the thumbs-up from the DOJ to move ahead.

Just a month ago when XM and Sirius were ready to ink a deal, they knew there would be problems with the FCC approving what could potentially become a monopoly.  They’re still fighting that battle, but so far what has come out of it is a promise of lower prices.

They’ve promised lawmakers who are fighting the deal that prices would be lowered and that no monopoly would come of it should

According to The New York Post, Sirius and XM, both Satellite Radio providers have been working all weekend to work out a merger agreement that could possibly be confirmed today. The Post says that talks are still in process, and that at any point the deal could fall through. If you’re a subscriber of one of these services, this could be a pretty sweet deal.

This is really a win-win situation.