Sirius XM Canada To Be Taken Private


The deal values Sirius XM Canada at about $367 million, according to Reuters. SiriusXM Holdings said it expects to pay about $275 million for the transaction, which will increase its stake in Sirius XM Canada to 70 percent from 37 percent, and give it ownership of 30 percent of its voting shares.

Sirius CEO James Meyer said The CBC will cease to be a shareholder in Sirius XM Canada following the transaction. Sirius XM Canada said the rest of its equity and voting stakes will be held by Slaight Communications and Toronto-based private equity firm Obelysk Media.


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