Liberty Media has proposed a deal to split off its shares of Sirius XM into a new, publicly traded subsidiary, which would then merge with Sirius XM.
Liberty Media said it has made an offer to Sirius XM’s board to split off its shares into a new subsidiary, called New SiriusXM. Current shareholders of the Liberty Sirius XM tracking stock group would receive shares of the new company.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: