SiriusXM, an audio entertainment company, acquired Cloud Cover Music, a business streaming music service. The acquisition allows the two to combine resources to provide comprehensive and complementary offerings for businesses of all sizes and greatly expand Cloud Cover Music's customer base.
About the Seller
Cloud Cover Music is the highest-rated digital B2B streaming music service used by tens of thousands of companies. It provides businesses with complete freedom to choose, monitor, and control their streaming music playlists.
About the Buyer
SiriusXM is a leading broadcasting company based in New York. It is credited with creating a new era of audio entertainment by offering a subscription that allows customers to experience on-demand music, sports, comedy, news, and live events.