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New Deal


Announced

SiriusXM to acquire Team Coco for $150m.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Entertainment

Acquisition

Private

online streaming

Domestic

United States

Single Bidder

Friendly

Pending

Majority

Synopsis

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SiriusXM, an American broadcasting company, agreed to acquire Team Coco, an online streaming platform that provides episodes, event information, and video clips related to the Conan talk show, for $150m. "We are thrilled that Conan remains committed to producing his incredibly successful podcast and will now expand his role into executive producing an exclusive Team Coco radio channel for SiriusXM. Conan has built an amazing brand and organization at Team Coco with a proven track record of finding and launching compelling and addictive podcasts. We look forward to continuing to grow the Team Coco brand," Scott Greenstein, SiriusXM President and Chief Content Officer.

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