SiriusXM To Merge With Liberty Media : A Symphony of Integration

155
SHARE
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.

Enter Email to View Articles

Loading...

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.