M&A Deal Summary

Sirius XM Holdings Acquires Stitcher

On July 13, 2020, Sirius XM Holdings acquired digital media company Stitcher from Scripps for 325M USD

Acquisition Highlights
  • This is Sirius XM Holdings’ 2nd transaction in the Digital Media sector.
  • This is Sirius XM Holdings’ 3rd largest (disclosed) transaction.
  • This is Sirius XM Holdings’ 5th transaction in the United States.
  • This is Sirius XM Holdings’ 3rd transaction in California.

M&A Deal Summary
Date 2020-07-13
Target Stitcher
Sector Digital Media
Buyer(s) Sirius XM Holdings
Sellers(s) Scripps
Deal Type Divestiture
Deal Value 325M USD

Target

Stitcher

San Francisco, California, United States
Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

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Buyer(S) 1

Buyer

Sirius XM Holdings

New York, New York, United States
Category Company
Founded 1990
Sector Media
Employees2,327
Revenue 4.6B USD (2015)
DESCRIPTION

Sirius is a satellite-based digital audio radio service provider.

DEAL STATS #
Overall 5 of 8
Sector (Digital Media) 2 of 3
Type (Divestiture) 2 of 2
State (California) 3 of 6
Country (United States) 5 of 8
Year (2020) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Pandora Media

Oakland, California, United States

Pandora Media, Inc. is an Internet radio recommendation service provider, which offers a personalized experience for each of its listeners. Pandora Media has developed a form of radio that uses intrinsic qualities of music to create stations and adapts playlists in real-time based on the individual feedback of each listener. Pandora Media, Inc. was established in 2000 and is headquartered in Oakland, California.

Buy $3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 99 Invisible

Oakland, California, United States

99% Invisible is an independently produced and Kickstarter supported radio show and podcast that exposes the unseen and overlooked aspects of design, architecture, and activity that shape the world. 99% Invisible was founded in 2010 and is based in Oakland, California.

Buy -

Seller(S) 1

SELLER

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 9 of 11
Sector (Digital Media) 1 of 1
Type (Divestiture) 8 of 10
State (California) 3 of 4
Country (United States) 8 of 10
Year (2020) 2 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-28 WeatherSphere

Los Angeles, California, United States

WeatherSphere is a mobile weather app developer that brings the latest weather information needed to plan a day and stay safe. Its product NOAA Hi-Def Radar combines science with simplicity.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-24 ION Media Networks

Palm Beach, Florida, United States

ION Media Networks, Inc. operates a national television network featuring popular crime and justice procedural programming. ION Media Networks was founded in 1993 and is based in Palm Beach, Florida.

Buy $2.7B
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