Liberty Media and Sirius XM Announce Completion of Spin-Off and Merger

Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc. (Nasdaq: SIRI) announced that they have completed the spin-off (the “Spin-off”) of Liberty Sirius XM Holdings Inc. (“New Sirius”) today at 4:05 p.m. New York City time. Following the spin-off, at 6:00 p.m. New York City time, a wholly owned subsidiary of New Sirius merged with Sirius XM Inc. (formerly known as Sirius XM Holdings Inc., “Old Sirius”), with Old Sirius surviving the merger as a wholly owned subsidiary of New Sirius (the “Merger”). As a result of these transactions, New Sirius is now an independent, publicly traded company separate from Liberty Media and has been renamed Sirius XM Holdings Inc.

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