Radio Giants Eye a Union as Azoff and Apollo Guide Talks
TL;DR
iHeartMedia and SiriusXM are in early talks about a potential merger, with Irving Azoff and Apollo Global Management offering to advise. The discussions are preliminary and there’s no guarantee of a deal or a takeover; the goal would be greater scale and artist collaboration in an evolving audio landscape, and Azoff is advising rather than pursuing an acquisition.
- iHeartRadio and SiriusXM in Early Merger Talks, With Irving Azoff and Apollo Advising Variety
- SiriusXM Said to Be in Early Talks to Acquire iHeartMedia The New York Times
- IHeartMedia Holds Merger Talks With Sirius XM as Radio Struggles Bloomberg.com
- iHeartMedia Shares Jump After Report Of Early Merger Talks With SiriusXM Deadline
- IHeartMedia holds merger talks with Sirius XM, Bloomberg News reports Reuters
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