SiriusXM Holdings Inc. through its subsidiary, Sirius XM Radio Inc., has acquired Cloud Cover Media Inc, a provider of Cloud Cover Music, a music service for businesses.
CCM will join SiriusXM Music for Business and Pandora for Business in SiriusXM’s commercial music portfolio. Cloud Cover Media also employs business management, music programming, licensing, and software development teams.
The Cloud Cover Music team will continue to be led by vice president and general manager, Mark Lehman. “We are thrilled to become part of the SiriusXM family,” stated Lehman. “As one of the fastest growing music for business services, we’re proud of the track record that Cloud Cover Music has achieved with our tens of thousands of customers. We’re excited to have the brand recognition and strength of SiriusXM and Pandora behind us as we continue to focus on delivering the best music and messaging products for businesses.”
SiriusXM was represented by Weil, Gotshal & Manges LLP as counsel. Alkali Partners served as exclusive financial advisor to Cloud Cover Media, and David Wohlberg and Ekong Udoekwere represented the company as counsel.