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SiriusXM Not Interested in Big Acquisitions, Says CFO

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Photo via Sirius XM Holdings on Wikimedia Commons under the Creative Commons License

The Hollywood Reporter reports: “U.S. pay-radio operator SiriusXM on Wednesday said it was unlikely to do any major mergers or acquisitions any time soon. ‘Our organic growth opportunities are still massive,’ David Frear, SiriusXM CFO, told the Citi Global TMT West Conference during a session that was webcast. The satellite radio operator’s finance chief added he saw no evidence that major business acquisitions were an efficient way to similarly grow his company.”

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