Look for XM Satellite Radio and Sirius Satellite Radio to announce Wednesday that they are extending their deal to merge.

The two companies are extending the deal to May 15, with both agreeing to an automatic, two-week extension after that, unless one or the other says they don't want to extend it.

The current deal had a trigger to unwind as of May 1 absent regulatory approval. While the Justice Department has said that it has no antitrust concerns about the merger of the two satellite-radio companies sufficient to warrant blocking it or putting conditions on it, the Federal Communications Commission has not made its call.

To read the article, click here [1].