Enter multiple symbols separated by commas

XM Satellite: FTC Closes Inquiry Without Action

XM Satellite Radio Holdings said the U.S. Federal Trade Commission closed its inquiry into XM's marketing and customer service practices without any action.

The FTC launched this inquiry in April 2006, the satellite radio service company said in a statement.

Shares of XM jumped more than 4 percent Friday.

Competitor Sirius Satellite Radio is planning to buy XM in a $4 billion stock deal.

Contact Media


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.