Liberty Media and Sirius XM Holdings Merge to Form New SiriusXM

The new entity will retain the SiriusXM brand, with former LSXM stockholders owning about 81% and SiriusXM minority stockholders owning the remaining 19%.

• Liberty Media's Liberty SiriusXM tracking stock group and Sirius XM Holdings Inc have agreed to merge, forming a new public entity that will retain the SiriusXM name and brand.
• The new SiriusXM will have one series of common stock and plans to remain listed on the Nasdaq Global Select Market under the ticker 'SIRI'.
• Post-transaction, former LSXM stockholders will own about 81% of New SiriusXM, with SiriusXM minority stockholders owning the remaining 19%.
• The merger is expected to close early in the third quarter of 2024.
• The deal simplifies the ownership structure of SiriusXM and is expected to improve trading liquidity for New SiriusXM stockholders.

4 Articles

Billboard Benzinga Deadline The Hollywood Reporter