SiriusXM Acquires Roman Mars' 99% Invisible Podcast For Undisclosed Sum

  • Sirius XM Holdings Inc SIRI announced it had acquired  Roman Mars-owned 99% Invisible Inc for an undisclosed sum.
  • Roman Mars was the creator, host, and executive producer of the 99% Invisible podcast.
  • The acquisition brought the podcast host and his team to SiriusXM. They will continue to operate 99% Invisible, the podcast 'What Trump Can Teach Us About Con Law,' and develop new podcast projects.
  • The 99% Invisible will become part of SiriusXM's acquired Stitcher podcast company.
  • The 99% Invisible podcast will be available across SiriusXM's various audio streaming services, including the Stitcher, Pandora, and SiriusXM apps.
  • Sirius held $71 million in cash and equivalents as of Dec. 31, 2020.
  • Price action: SIRI shares traded higher by 0.31% at $6.4 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!