Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

SiriusXM Gets Serious About Podcasts

TheMotleyFool

0 0

In line with rumors that surfaced earlier this month, SiriusXM (NASDAQ: SIRI) officially confirmed this week that it will acquire podcasting platform Stitcher from E.W. Scripps (NASDAQ: SSP). The satellite radio company has been aggressively expanding into streaming in recent years, including its $3.5 billion acquisition of Pandora Media that closed last year. SiriusXM is trying to better compete with Apple (NASDAQ: AAPL) and Spotify (NYSE: SPOT), which collectively dominate both music streaming and podcasting.

Here's what investors need to know.

Image source: Getty Images.

Source Fool.com

Like: 0

SIRI

Share