SiriusXM To Merge With Liberty Media : A Symphony of Integration

SiriusXM To Merge With Liberty Media
The Sirius XM Holdings Inc. application is displayed for a photograph on an Apple Inc. iPhone in Washington, D.C., U.S., on Sunday, Jan. 28, 2018. Sirius XM is expected to release earnings figures on Jan. 31. Photographer: Andrew Harrer/Bloomberg

In an exhilarating turn of events, Sirius XM Holdings Inc. has orchestrated a masterstroke, aligning with its majority stakeholder Liberty Media Corp. This strategic maneuver, announced on a momentous Tuesday, is set to revolutionize the satellite radio giant’s ownership framework.

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Legal Maestros and Financial Virtuosos

Steering this ambitious project, SiriusXM has enlisted the legal expertise of Simpson Thacher & Bartlett LLP. Parallel to this, a team of legal virtuosos from Debevoise & Plimpton LLP are advising a special board committee, with O’Melveny & Myers LLP representing Liberty Media’s interests.

Late September revelations hinted at SiriusXM’s contemplation of a Liberty Media proposal, sparking widespread speculation and excitement.

The Genesis of a New Powerhouse

At the core of this deal is a bold blueprint: Liberty Media will bifurcate its Sirius XM tracking stock group, spawning a new subsidiary. This entity will then seamlessly merge with Sirius XM, ushering in a new public company under the iconic SiriusXM banner.