Tag: stalled

The New York Times’ DealBook reported on Friday (5/29) that the talks about a potential acquisition of iHeartMedia by SiriusXM are off – at least for now. That the two media firms were in preliminary talks first broke in early May. As DealBook notes, there is a history between the two companies: “Liberty SiriusXM Group, once an affiliate of John Malone’s media empire, used to hold significant stakes in both companies. Liberty SiriusXM eventually sold its stake in iHeartMedia (primarily a broadcast radio company) and split off its ownership of SiriusXM (primarily a satellite radio company) into a separate entity.”