Liberty Media and Sirius XM Complete Split-Off and Merger, Forming Independent Sirius XM Holdings
Liberty Media Corporation (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc. (Nasdaq: SIRI) have announced the successful completion of the split-off of Liberty Sirius XM Holdings Inc. (“New Sirius”) and its subsequent merger with Sirius XM Inc. (“Old Sirius”). These transactions were finalized today, September 9, 2024, with the split-off completed at 4:05 p.m. and the merger at 6:00 p.m. (New York time). As a result, New Sirius is now an independent public company, renamed Sirius XM Holdings Inc.
Starting on Tuesday, September 10, 2024, Sirius XM Holdings will trade under the Nasdaq symbol “SIRI” with a single outstanding series of common stock. Following the merger, Sirius XM Holdings has 339,133,937 shares outstanding, with former Liberty SiriusXM common stockholders holding approximately 81% and former minority stockholders of Old Sirius owning the remaining 19%.
Liberty Media’s Formula One and Liberty Live common stocks will continue trading under their existing symbols.
Forward-Looking Statements
This release contains forward-looking statements that involve risks and uncertainties, particularly regarding the trading of New Sirius common stock on Nasdaq. Actual results may differ materially due to these risks. Liberty Media and New Sirius disclaim any obligation to update these statements.
About Liberty Media Corporation
Liberty Media owns interests in media, communications, sports, and entertainment, grouped into the Formula One Group (NASDAQ: FWONA, FWONK) and Liberty Live Group (NASDAQ: LLYVA, LLYVK). Formula One Group includes Formula 1 and Quint, while Liberty Live Group holds interests in Live Nation and other investments.
About Sirius XM Holdings Inc.
Sirius XM is North America’s leading audio entertainment company, reaching 150 million monthly listeners through its SiriusXM subscription service, Pandora music streaming, podcasts, and advertising solutions. New Sirius offers a diverse range of live, on-demand, and curated content in music, talk, news, and sports
