Sirius XM Canada to be taken private in parent-led deal: Reuters
Sirius XM Canada Holdings Inc said that SiriusXM Holdings Inc, its biggest shareholder, along with two of its top Canadian shareholders, will take the satellite radio service private, Reuters reported. The deal, which values Sirius XM Canada at about $472 million, will see SiriusXM Holdings increase its stake in Sirius XM Canada to 70 percent. The balance will be held by Slaight Communications Inc and Toronto-based private equity firm Obelysk Media.
13 May 2016•2 mins read
