Liberty Media Completes Split-Off and Merger to Create Independent Sirius XM Holdings Inc.
September 9, 2024
Liberty Media completed the split-off of Liberty Sirius XM Holdings Inc. (New Sirius) and effected a merger in which a wholly owned subsidiary of New Sirius merged with and into Sirius XM Inc., leaving Old Sirius as a wholly owned subsidiary of New Sirius. The reorganization results in New Sirius (renamed Sirius XM Holdings Inc.) becoming an independent, publicly traded company listed on Nasdaq under the symbol SIRI.
- Buyers
- Liberty Media Corporation, Liberty Sirius XM Holdings Inc. (New Sirius), Sirius XM Inc.
- Targets
- Sirius XM Inc.
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Divestiture
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