Liberty Media Chief: Any Streaming Music Deal Would Be Housed in Sirius XM

 

Speaking on a conference call with analysts, Mr. Maffei said it’s “highly unlikely that anything would happen at the Liberty level.” He said that Sirius XM is “our play for the online play for music, whether it’s distributed through satellite or…through the online system.”

Mr. Maffei’s comments clear up one question for Wall Street as investors watch how his efforts to court Pandora Media Inc. play out. The Wall Street Journal reported last month that Mr. Maffei had floated an informal, roughly $15-a-share bid for Pandora in recent months, but was rebuffed by the streaming music company’s board. Some analysts had wondered whether Liberty Media would be the vehicle for such a deal, given that it also has stakes in music-related entities like Indian music streaming service Saavn and Live Nation Entertainment, the concert and ticketing company.

Source: WSJ

Respond to Liberty Media Chief: Any Streaming Music Deal Would Be Housed in Sirius XM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s