a close up of a pen


SiriusXM Canada completes go-private deal with PE-backed vehicle

Date closed: 5/25/2017

Value: Undisclosed

On May 25, 2017, Sirius XM Canada Holdings Inc. (SiriusXM Canada or the Company) (TSX: XSR) completed its take-private acquisition by a vehicle owned by its parent, Sirius XM Radio Inc., as well as Slaight Communications Inc. and Obelysk Media Inc.

Sirius XM Canada, headquartered in Toronto, Ontario, is an audio entertainment company that broadcasts more than 130 satellite radio channels.

BLG represented Obelysk Media Inc. and John I. Bitove with a team led by James Elder that included Anthony Milazzo (Corporate), Pierre Permingeat (Corporate) and Stephen Fyfe (Tax).