Satellite radio giant SiriusXM has completed its acquisition of podcast platform Stitcher.
The company unveiled the closing of the deal, which it had announced this summer and which called for it to pay E.W. Scripps Co. up to $325 million, on Monday morning.
"Alongside Pandora, Simplecast and AdsWizz, Stitcher strengthens SiriusXM's position in this fast-growing area," the company, led by CEO Jim Meyer, said. "By combining Stitcher's leading programming and advertising networks with SiriusXM's existing suite of hosting and ad technology tools, the company expands its pre-eminent position in digital audio advertising while generating new ways for creators to find and connect with a broader audience."