Viacom and Sirius
Defamer says that Viacom might buy Sirius to get Howard Stern back.
I have a hard time seeing how that would happen. Viacom’s worth $60bn. It has almost $30bn in revenues and almost $5bn of EBITDA. Sirius, as valuable as it is with Stern in the fold, is trading at $4.6bn, on revenues of $30mm and EBITDA losses of ($386mm).
Those numbers don’t spell acquisition to me.