Sirius XM and Liberty Media Complete Merger and Split-Off
Tuesday, 10 September 2024, 12:50
Sirius XM and Liberty Media Merger Completion
Sirius XM, a leading broadcasting company, recently marked a significant milestone by concluding its merger with Liberty Media. This merger has been accompanied by a $1.17 billion share buyback program.
Changes in Financial Forecast
- Adjusted Free Cash Flow Forecast: Sirius XM has pulled back its projections for full-year free cash flow.
- Impact on Investors: Market observers will be evaluating how this revised outlook affects investor sentiment.
With the completion of this merger, strategic opportunities may emerge for both Sirius XM and Liberty Media moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.