That’s according to sources cited in this report by the New York Post.
According to the report in the New York Post report, Liberty’s majority owner John Malone wants to “create a soup-to-nuts toll taker for music lovers by combining iHeart with his other music properties.”
SiriusXM acquired Pandora in an all-stock transaction worth around $3.5 billion.
An FT report from September also stated that Liberty Media offered $1bn investment in iHeartMedia in June 2018, but abandoned the idea because iHeart’s financial results were “below expectations”.
iHeartMedia filed for bankruptcy in March 2018 with $20bn in debt, but agreed a restructuring deal with the holders of more than $10bn of this figure.Music Business Worldwide