Deutsche Bank increases SiriusXM stake
January 5, 2022
By Chris Forrester
North American streaming music and pay-radio operator SiriusXM, controlled by John Malone’s Liberty Media, has attracted an extra investment stake from Deutsche Bank AG.
SiriusXM, as well as beaming hundreds of radio channels to the US and Canada, also offers subscribers its Pandora music streaming service.
Deutsche Bank has increased it holding in SiriusXM by 5 per cent during Q3 according to a recent SEC filing. The bank owned 1,719,084 shares of the technology company’s stock after purchasing an additional 82,253 shares during the quarter. Deutsche Bank AG’s holdings in The Liberty SiriusXM Group were worth $81,090,000 as of its most recent filing with the SEC.
Liberty SiriusXM Group posted its most recent earnings results on November 1st. The broadcaster reported $1.02 earnings per share for the quarter. The company had revenue of $2.2 billion for the quarter-year.