Liberty Media and SiriusXM Announce Transaction to Simplify Ownership Structure of SiriusXM
7:02 AM ET 12/12/23 | PR Newswire
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1:33 PM ET 12/12/23
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FWONA 57.68 0.44%
LLYVA 33.85 1.76%
LSXMA 26.94 1.13%
SIRI 5.15 2.49%
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Liberty Media and SiriusXM Announce Transaction to Simplify Ownership Structure of SiriusXM
PR Newswire
ENGLEWOOD, Colo. and NEW YORK, Dec. 12, 2023
Liberty SiriusXM Tracking Stock Group Will Combine with SiriusXM and Form a New Public Company
Transaction Builds on SiriusXM’s Durable Foundation and Positions Company to Drive Growth and Create Stockholder Value
Liberty and SiriusXM to Host Conference Call Today at 8:30 AM ET
ENGLEWOOD, Colo. and NEW YORK, Dec. 12, 2023 /PRNewswire/ – Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc. (NASDAQ: SIRI) (“SiriusXM” or the “Company”), the leading audio entertainment company in North America, today announced that they have entered into definitive agreements whereby Liberty Media’s Liberty SiriusXM tracking stock group (NASDAQ: LSXMA, LSXMB and LSXMK) (collectively “LSXM”), will be combined with SiriusXM to create a new public company (“New SiriusXM”), which will continue to operate under the SiriusXM name and brand. New SiriusXM will have a single outstanding series of common stock and is expected to continue to be traded on the Nasdaq Global Select Market under the ticker symbol “SIRI”.
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Vince