Muzak, DMX To Merge
April 8, 2008 at 3:09 PM (PT)
The U.S. DEPARTMENT OF JUSTICE Antitrust Division has just signed off on proposed merger of MUZAK and DMX, to allow for a sale to a third party. The companies expect to receive formal notification of the investigation’s closing in the near future.
"We are pleased with the action taken by the DEPARTMENT OF JUSTICE, as we believe a merger of our two companies will create significant opportunities for innovations in products and services that will result in tremendous benefit for our clients," MUZAK CEO STEVE VILLA said.
"On behalf of the DMX management team, we are committed to blending two great companies and look forward to seeing how things unfold with offers from interested parties," DMX CEO JOHN CULLEN stated. "More importantly, we are extremely excited about the possibilities that lie ahead for our clients and assisting them in creating memorable experiences for their customers."