By Maria Armental

 

Sirius XM Holdings Inc. added $2 billion to its stock buyback program, the company said Tuesday.

As of March 31, the company had $924 million under its previous authorization, according to a securities filing.

The additional authorization comes a day after the company agreed to buy E.W. Scripps Co.'s Stitcher Inc. podcasting unit.

On Tuesday, Sirius left the door open as to the timing or manner of stock repurchases, saying they could include accelerated stock repurchase transactions and transactions with Liberty Media and its affiliates.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

July 14, 2020 16:53 ET (20:53 GMT)

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