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SiriusXM Near Deal To Acquire Scripps’ Stitcher Podcast Division: Report

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deadline.com
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Patrick Hipes Executive Managing EditorSirius XM Holdings, which said last month that it planned to raise $1 billion in a private debt offering, is reportedly near a deal to acquire E.W.

Scripps’ Stitcher podcast division for $300 million.The news, reported Monday by the Wall Street Journal which cited sources, comes amid a flurry of deals in the growing podcast space.

Spotify, for example, recently flexed it muscles by acquired The Ringer and Gimlet.Satellite radio biggie SiriusXM, owned by John Malone’s Liberty Media, is no stranger to big deals, acquiring streaming giant Pandora in late 2018 for $3.5 billion.

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