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New Deal


Announced

Completed

SiriusXM completed the acquisition of Cloud Cover Media.

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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Domestic

streaming music

Acquisition

Majority

United States

Completed

Radio and TV Broadcasters

Private

Friendly

Single Bidder

Synopsis

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SiriusXM, an audio entertainment company, completed the acquisition of Cloud Cover Media, a music for business service, and employs business management, music programming, licensing, and software development teams. Financial terms were not disclosed. "SiriusXM and Pandora have always offered a unique blend of great content and great technology. The addition of Cloud Cover Music to our commercial music portfolio is expected to help propel us forward and contribute to the growth of our business," Joe Verbrugge, SiriusXM Executive Vice President.

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