SiriusXM and Liberty Media Merge to Form New Public Company
Liberty Media's tracking stock group, Liberty SiriusXM, will merge with satellite radio and audio entertainment company SiriusXM to create a new public company called "New SiriusXM." The deal simplifies the ownership structure and enhances liquidity for stockholders. The transaction has been unanimously approved and is expected to be completed in the third quarter of 2024, subject to regulatory approvals and other closing conditions. The merger offers stockholders the opportunity to participate directly in the long-term potential of the leading audio entertainment company in North America.