Trade Sirius XM Holdings
Sirius XM Holdings is an American radio company based in midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States. It was formed through the 2008 integration of Sirius Satellite Radio and XM Satellite Radio, integrated into SiriusXM Radio. The company also owns a 70% stake in Sirius XM Canada, a subsidiary that provides Sirius and XM in Canada. On May 21, 2013, Sirius XM Holdings, inc., was founded, and in November 2013, Sirius XM reorganized its corporate structure, making Sirius XM Radio a direct company, wholly owned by Sirius XM Holdings, the U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sysius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed. The merger created a company with 18.5 million subscribers, with a value of $3.3 billion, not including debt. The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that integration is the only way satellite radio can survive. In September 2018, the company agreed to purchase the Pandora broadcast music service, which was completed on February 1, 2019. Since then, SiriusXM has grown to become the largest audio entertainment company in North America.As on December 31, 2019, and Sirius XM has nearly 34.9 million subscribers. Sirius Radio XM is the main entry point for the emergency alarm system.