SiriusXM’s $325 Million Acquisition of Stitcher


Weil, Gotshal & Manges advised SiriusXM on the deal.

SiriusXM, the leading audio entertainment company in the U.S., executed its up to $325 million acquisition of Stitcher from The E.W. Scripps Company. Stitcher is a pioneer in podcast production, distribution and ad sales.

The transaction is expected to close in the third quarter of 2020, subject to required regulatory approvals and the satisfaction of other customary closing conditions.

The Weil team advising SiriusXM was led by Mergers & Acquisitions partner Michael Aiello (Picture) and included Mergers & Acquisitions associates Michelle Sargent, Cody Conwell, Tom Tsatsis and Will Schoof (Not Yet Admitted in New York). The team also included Tax partner Devon Bodoh; Executive Compensation & Benefits partner Jennifer Britz; Technology & IP Transactions partner Charan Sandhu; Antitrust Head Steven Newborn and Antitrust partner Brianne Kucerik; Antitrust counsel Alexis Brown-Reilly; Tax associates Alfonso Dulcey and Charlie Roarty; Executive Compensation & Benefits associate Radhika Tahiliani; Technology & IP Transactions associates Philip Grudzina and Dennis Adams; Cybersecurity, Data Privacy & Information Management associate Robert Brown; and Antitrust associate Joon Cho.

Involved fees earner: Dennis Adams – Weil, Gotshal & Manges; Michael Aiello – Weil, Gotshal & Manges; Devon Bodoh – Weil, Gotshal & Manges; Jennifer Britz – Weil, Gotshal & Manges; Robert Brown – Weil, Gotshal & Manges; Alexis Brown-Reilly – Weil, Gotshal & Manges; Joon Cho – Weil, Gotshal & Manges; Cody Conwell – Weil, Gotshal & Manges; Alfonso Dulcey – Weil, Gotshal & Manges; Philip Grudzina – Weil, Gotshal & Manges; Brianne Kucerik – Weil, Gotshal & Manges; Steven Newborn – Weil, Gotshal & Manges; Charlie Roarty – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Michelle Sargent – Weil, Gotshal & Manges; Radhika Tahiliani – Weil, Gotshal & Manges; Tom Tsatsis – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: Sirius XM Holdings Inc.;

Author: Ambrogio Visconti