M&A
confidence high
sentiment positive
materiality 0.75
Liberty Media completes split-off of Sirius XM, merger creates independent Sirius XM Holdings
Liberty Media Corp
- On Sept 9, 2024, Liberty Media split-off Liberty Sirius XM Holdings by exchanging each share for 0.8375 New Sirius shares.
- New Sirius merged with Sirius XM Holdings; surviving entity renamed Sirius XM Holdings Inc. with 339,133,937 shares outstanding.
- Former Liberty SiriusXM stockholders own ~81% of new Sirius XM Holdings; former Sirius XM minority holders own ~19%.
- Liberty SiriusXM tracking stocks (LSXMA, LSXMB, LSXMK) delisted from Nasdaq effective Sept 9, 2024.
- Pro forma financials show Liberty Media's remaining assets (Formula 1, Liberty Live) with total equity of $6.5B as of June 30, 2024.