Annual report pursuant to Section 13 and 15(d)

Acquisitions and Restructurings (Tables)

v3.22.0.1
Acquisitions and Restructurings (Tables) - Pandora
12 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Schedule of consideration paid with the acquisition

The table below shows the value of the consideration paid in connection with the acquisition (in millions, except for exchange ratio and price per share of Sirius XM Holdings common stock):

Pandora common stock outstanding at January 31, 2019

272

Exchange ratio

1.44

Sirius XM Holdings common stock issued

392

Price per share of Sirius XM Holdings common stock as of January 31, 2019

$

5.83

Value of Sirius XM Holdings common stock issued to Pandora stockholders pursuant to the transactions

2,285

Value of Sirius XM Holdings replacement equity awards attributable to pre-combination service

70

Sirius XM Holdings' Pandora preferred stock investment cancelled

524

Total consideration

$

2,879

Business Acquisition, Pro Forma Information

Year ended December 31,

2019

amounts in millions

Revenue

$

10,419

Net earnings (loss)

$

371

Net earnings (loss) attributable to Liberty stockholders

$

123