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New Deal


Announced

Completed

SiriusXM completed the acquisition of Simplecast.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Entertainment

Friendly

Majority

Single Bidder

Private

podcast network

Acquisition

Completed

Domestic

Synopsis

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SiriusXM, an American broadcasting company, completed the acquisition of Simplecast, a podcast management platform. Financial terms were not disclosed. "From the beginning, Simplecast's mantra and mission was to remain laser-focused on podcast creators - building the best tools for publishing and insights. The opportunity and alignment with AdsWizz allows our product -- and our customers -- access to a powerful monetization platform. Two best-in-class platforms are now able to align with the shared mission of helping publishers succeed, while each team continues to focus on their respective areas of expertise," Brad Smith, Simplecast Founder and CEO.

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