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SiriusXM to Acquire Podcast Platform Stitcher for Up to $325 Million

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thewrap.com

press release, the deal is slated to close in the third quarter of 2020, subject to regulatory approvals.Per the release, the SiriusXM and Pandora owned-and-operated digital platforms, combined with the company’s exclusive ad sales arrangement with SoundCloud for the U.S., and the Stitcher and Midroll networks that are subject to the agreement, will reach over 150 million listeners — the largest U.S.

audience in digital audio.Also Read: SiriusXM to Air Interviews With Quarantined Comedians for 24 Hours“The addition of Stitcher is an important next step as we continue to develop and strengthen our offering in the fast-growing podcasting market,” said Jim Meyer, Chief Executive Officer of SiriusXM, via statement.

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