Sirius XM Acquires Automatic Labs
04.27.17
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The Firm represented Sirius XM in connection with its acquisition of Automatic Labs Inc. (“Automatic Labs”). Automatic Labs is a provider of connected vehicle services for consumers and enterprises. Financial terms of the transaction were not disclosed.
Sirius XM is the world's largest radio company measured by revenue and has approximately 31.6 million subscribers and is also a leader in providing connected vehicle services.
The Simpson Thacher team includes Eric Swedenburg, William Allen, Matthew Gabbard and Michael Chao (M&A); Aimee Adler and Monisha Bhayana (ECEB); Marcy Geller, Sophie Staples and Christopher Murray (Tax); Marcela Robledo (IP); and Timothy Mulvihill (Environmental).