Television & Radio M&A » By The Online Investor Staff, updated Sat., Mar. 6, 9:55 PM
Recent mergers and acquisitions in the Television & Radio M&A category.
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Slide #39. SiriusXM Radio Inc. — Agero, Inc.'s connected vehicle services division
Acquirer:
SiriusXM Radio Inc. (NASDAQ:SIRI)
Acquiree:
Agero, Inc.'s connected vehicle services division
Details:
Agero, Inc. announced today that it has entered into a definitive agreement under which SiriusXM Radio Inc. will acquire Agero, Inc.'s connected vehicle services division.
Sirius XM Holdings operates two complementary audio entertainment businesses through its wholly owned subsidiary, Sirius XM Radio Inc. (Sirius XM) and Sirius XM's wholly owned subsidiary, Pandora Media, LLC (Pandora). Co.'s Sirius XM business features music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, on a subscription fee basis. Co.'s Pandora business operates a music, comedy and podcast streaming discovery platform, providing a personalized experience for each listener wherever and whenever they want to listen, whether through mobile devices, car speakers or connected devices.
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Avg. Broker Rec.
 
|
Buy (3.42 out of 4) 53rd percentile
(ranked higher than approx. 53% of all stocks covered)
Analysts' Target Price: SIRI Stock Forecast Based on Zacks ABR data; powered by Xignite |
