SiriusXM Acquired Connected Car Unit of Agero for $530m

On August 15 Sirius XM Radio announced that it has entered into a definitive agreement to acquire the connected vehicle services business of Agero, Inc. for $530 million in cash.

“The acquisition of Agero’s connected vehicle business is a natural fit for Sirius XM.  As the world’s leading provider of in-vehicle subscription services, SiriusX…