Is a Pandora-SiriusXM Deal Back On?

Barely two months after talks about a possible SiriusXM purchase of the embattled internet radio service Pandora collapsed, they may be back on again, according to a report in the New York Post. In early March, Greg Maffei, CEO of SiriusXM parent company Liberty Media, called Pandora “overvalued” and said it was unlikely the John… Read more »

Barely two months after talks about a possible SiriusXM purchase of the embattled internet radio service Pandora collapsed, they may be back on again, according to a report in the New York Post. In early March, Greg Maffei, CEO of SiriusXM parent company Liberty Media, called Pandora “overvalued” and said it was unlikely the John... Read more »

Liberty Media CEO: Amazon’s Capabilities Are “Ridiculously Scary”

Liberty Media CEO Greg Maffei paid Amazon a backhanded compliment today, telling analysts that he considers the e-retailer “a ridiculously scary company.”
Maffei made the characterization when asked about the threat Amazon’s streaming music efforts might pose to SiriusXM, which Liberty owns — along with a threat its new Prime Live Events concert and ticketing initiative could pose to Live Nation, in which Liberty owns a major stake.
Amazon “has an ability, because of its…

Liberty Media CEO Greg Maffei paid Amazon a backhanded compliment today, telling analysts that he considers the e-retailer “a ridiculously scary company.” Maffei made the characterization when asked about the threat Amazon’s streaming music efforts might pose to SiriusXM, which Liberty owns — along with a threat its new Prime Live Events concert and ticketing initiative could pose to Live Nation, in which Liberty owns a major stake. Amazon “has an ability, because of its…

Liberty CEO Says Its “Unlikely” He Will Buy Pandora At Current Price

Liberty Media just added some more static to the shifting signals it’s been sending about its interest in buying Pandora Media.
“We think the stock is overvalued, so it’s unlikely we’re going to buy them,” Liberty CEO Greg Maffei told investors today at the Deutsche Bank Media, Internet & Telecom Conference.
“I would buy Pandora if it were not $13” a share, he told a questioner. “You want to sell it for $10? We probably would buy it. But they’re not selling it for…

Liberty Media just added some more static to the shifting signals it’s been sending about its interest in buying Pandora Media. “We think the stock is overvalued, so it’s unlikely we’re going to buy them,” Liberty CEO Greg Maffei told investors today at the Deutsche Bank Media, Internet & Telecom Conference. “I would buy Pandora if it were not $13” a share, he told a questioner. “You want to sell it for $10? We probably would buy it. But they’re not selling it for…

Liberty Media’s Formula 1 Acquisition Gets Checkered Flag

Liberty Media is officially in the F1 driver’s seat. The company run by president and CEO Greg Maffei has completed its $4.4B acquisition of the global motorsports business, whose parent company is Delta Topco, and Formula 1 has tapped former Fox exec Chase Carey as its chief executive. He replaces Bernie Ecclestone, who segues to the role Chairman Emeritus of F1 after more than four decades in the sport.
With the deal done, Liberty Media Group will be renamed the Formula…

Liberty Media is officially in the F1 driver’s seat. The company run by president and CEO Greg Maffei has completed its $4.4B acquisition of the global motorsports business, whose parent company is Delta Topco, and Formula 1 has tapped former Fox exec Chase Carey as its chief executive. He replaces Bernie Ecclestone, who segues to the role Chairman Emeritus of F1 after more than four decades in the sport. With the deal done, Liberty Media Group will be renamed the Formula…

Liberty Media Looks To Launch Streaming Service For Formula One Racing

Don’t be surprised if Liberty Media introduces a direct-to-consumer streaming service featuring Formula One racing once the the John Malone-controlled company acquires the league.
Liberty’s “very excited about the idea,” CEO Greg Maffei told analysts today in a quarterly earnings call. A streaming service “makes a lot of sense for them and us.”
It might take time. There are “things to be worked through” to clarify the rights that are available from the pacts that Formula…

Don’t be surprised if Liberty Media introduces a direct-to-consumer streaming service featuring Formula One racing once the the John Malone-controlled company acquires the league. Liberty’s “very excited about the idea,” CEO Greg Maffei told analysts today in a quarterly earnings call. A streaming service “makes a lot of sense for them and us.” It might take time. There are “things to be worked through” to clarify the rights that are available from the pacts that Formula…