But seriously, that's confusing. SiriusXM is merging with SiriusXM? From what I can gather: Biberty (who owns Ticketmaster) is merging with SXM. But they already have a company called SXM (aka Liberty SXM). I think?
RadioInk is referring to the post-merger company as "New SiriusXM." I immediately thought of the 1985 disaster known as "new Coke." Shares of SiriusXM closed today at 3.92, a drop of 0.07 (1.75%).
With the ownership structure simplified, shares of the new Sirius XM begin trading on the Nasdaq stock market under the ticker symbol "SIRI" on Tuesday.
www.hollywoodreporter.com
I am way too tired to process any of that right now.