iHeartMedia Shares Jump After Report Of Early Merger Talks With SiriusXM
#iHeartMedia #SiriusXM #merger #shares #Bloomberg #radio #media
📌 Key Takeaways
- iHeartMedia shares increased by more than 35% on Friday.
- The increase followed a report from Bloomberg.
- The report indicated that iHeartMedia has begun early merger talks with SiriusXM.
- The merger talks are in the preliminary stages.
- There is no certainty that a deal will be finalized, according to the source.
📖 Full Retelling
Shares in iHeartMedia jumped more than 35% on Friday following a report from Bloomberg that said the radio giant has started early talks with satellite radio’s SiriusXM to combine. Bloomberg reported that the merger talks were in the preliminary stages and there is no certainty a deal will go through, according to the outlet’s unnamed source.
🏷️ Themes
Mergers and Acquisitions (M&A), Media Industry, Stock Market Performance, Radio Broadcasting
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
Shares in iHeartMedia jumped more than 35% on Friday following a report from Bloomberg that said the radio giant has started early talks with satellite radio’s SiriusXM to combine. Bloomberg reported that the merger talks were in the preliminary stages and there is no certainty a deal will go through, according to the outlet’s unnamed […]
Read full article at source