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Announced

Completed

SiriusXM completed the acquisition of Stitcher from The E.W. Scripps Company for $325m.

Financials

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Transaction Value£257m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales4.7x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

United States

Acquisition

Majority

internet radio

Friendly

podcast network

Single Bidder

Private

Domestic

Completed

Synopsis

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SiriusXM, an audio entertainment company, completed the acquisition of Stitcher, an on-demand Internet radio service that focuses on news and information radio and podcasts, from The E.W. Scripps, an American broadcasting company, for $325m. "With Stitcher, we will expand our digital audio advertising presence and look to generate new ways for creators to find and connect with their audiences. Stitcher has a talented team with deep experience in the podcast space, and we look forward to working with them to better meet the needs of creators, advertisers, and listeners," Jim Meyer, SiriusXM CEO.

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