RUMOR MILL
Back to Rumor Mill >
Thursday, April 23, 2020

LIBERTY MEDIA MERGES LIVE NATION, SIRIUSXM INVESTMENTS

Liberty Media has moved its stake in Live Nation under the same umbrella as SiriusXM with an eye toward "synergistic" opportunities between the two companies.

John Malone's Liberty Media moved its $2.6b stake in Live Nation to its SiriusXM tracking stock this morning from its Formula One Group. Liberty Media owns 33% of Live Nation.

Liberty Media President and CEO Greg Maffei told analysts “this combines a complementary set of businesses that are established leaders in the live and audio entertainment space. Both the new Formula One Group and Liberty SiriusXM Group now have currencies with which to complete acquisitions, raise capital and engage in share repurchases, among other things."

Maffei used the term “synergistic” in reference to Live Nation and SiriusXM looking for ways to work together.

 
BACK TO RUMOR MILL
 
NEAR TRUTHS: ALL THE RIGHT MOVES
Checkmate (5/31a)
Check It Out Now
HITS LIST: EYES ON THE PRIZE
Final exams (5/31a)
Check It Out Now
SONG REVENUE: BILLIE BREAKS THE BANK
10 for 10 (5/31a)
Check It Out Now
SHADY'S BACK—TELL A FRIEND
When we need him most (5/31a)
Check It Out Now
WHAT’S HEATING UP AS SUMMER NEARS?
The future's so hot, they gotta wear shades. (5/31a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions