On August 23, 2024, Liberty Media Corporation held a virtual special meeting where holders of Series A and Series B Liberty SiriusXM common stock approved the redemptive split-off of Liberty Sirius XM Holdings Inc., which will be rebranded as New Sirius. New Sirius will own all businesses, assets, and liabilities previously under the Liberty SiriusXM Group and will merge with Sirius XM Holdings Inc. to continue operating under the Sirius XM name. The split-off is scheduled for September 9, 2024, at which point Liberty Media will redeem each share of Liberty SiriusXM common stock for a fraction of New Sirius common stock, with cash in lieu of fractional shares. The final exchange ratio will be announced on September 5, 2024. Liberty Media also plans...Show More

On August 23, 2024, Liberty Media Corporation held a virtual special meeting where holders of Series A and Series B Liberty SiriusXM common stock approved the redemptive split-off of Liberty Sirius XM Holdings Inc., which will be rebranded as New Sirius. New Sirius will own all businesses, assets, and liabilities previously under the Liberty SiriusXM Group and will merge with Sirius XM Holdings Inc. to continue operating under the Sirius XM name. The split-off is scheduled for September 9, 2024, at which point Liberty Media will redeem each share of Liberty SiriusXM common stock for a fraction of New Sirius common stock, with cash in lieu of fractional shares. The final exchange ratio will be announced on September 5, 2024. Liberty Media also plans to delist from the Nasdaq Global Select Market, with the last trading day for Liberty SiriusXM common stock being September 9, 2024. Following the merger, Sirius XM stockholders will receive 0.1 of a share of New Sirius common stock for each share held, with the merger completing on the same day. New Sirius common stock is expected to be listed on the Nasdaq Stock Market under the ticker symbol 'SIRI' and will begin trading on September 10, 2024.