SiriusXM (SIRI) Stock Up 1% Today after Acquisition of Stitcher for $325M
SiriusXM has revealed its $325 million acquisition of Stitcher. Though SIRI stock fell in response, today its price is increasing.SiriusXM (NASDAQ: SIRI) has announced its recent purchase of podcast company, Stitcher. On July 13, SiriusXM signed an agreement with Stitcher’s parent company, E.W. Scripps, worth $325 million. At that price,
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