Walkers acts for SiriusXM on its investment in SoundCloud

Walkers is pleased to have acted as Cayman Islands legal counsel to SiriusXM (owner of streaming giant Pandora) in respect of its US$75 million investment in audio-sharing platform SoundCloud. US-based SiriusXM acquired a minority stake in SoundCloud as a result of the investment, and together the two serve an audience of 100 million unique listeners in the US.

The Walkers team that advised on the deal was led by Melissa Lim (Partner) and included Andrew Barker (Partner) and Matt Bernardo (Senior Counsel).