Musics

SiriusXM Cuts $3.5 Billion Deal for Pandora's Music Prowess

7 monthes ago   |   By Techno Buffalo


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SiriusXM to pay $3.5 billion for Pandora

SiriusXM to pay $3.5 billion for Pandora

7 monthes ago   |   By Ars Technica

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Pandora has agreed to be acquired by satellite company SiriusXM for $3.5 billion. The deal will expand SiriusXM's reach. The satellite company has 36 million subscribers, while Pandora has more than 70 million monthly active users.
The companies say users shouldn't expect any immediate changes, Pandora will continue to operate as a separate service.
Pandora has amassed a massive audience, but the company has struggled financially due to long-running fights with music labels over music licensing rates. Recently it has lost ground to rivals Spotify and Apple Music, and last year it...
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Pandora is being purchased by SiriusXM for $3.5 billion

Pandora is being purchased by SiriusXM for $3.5 billion

7 monthes ago   |   By iMore

The deal should be completed in Q1 2019.
Pandora, one of the oldest names in the music streaming market, is being purchased by SiriusXM for $3.5 billion in stock. The deal was announced on Monday, September 24, and SiriusXM expects that everything should be finalized around the first quarter of 2019.
According to CNBC , the acquisition includes a "go-shop" provision. With this, Pandora "may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer alternative proposals following the execution date of the definitive agreement." In other words, Pandora...
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SiriusXM buys Pandora to create 'the world's largest audio entertainment company'

SiriusXM buys Pandora to create 'the world's largest audio entertainment company'

7 monthes ago   |   By Phone Arena

A pioneer of the Internet radio market, Pandora couldn't fend off the likes of Spotify and Apple Music in recent years, merely releasing a direct rival for the two hugely popular music streaming services in 2017.
Last year also saw a different veteran of both the online radio and satellite radio industries pour a whopping $480 million into Pandora as a “strategic investment.” As it turns out, the next step in this strategy is a corporate acquisition, made official earlier today by SiriusXM.
The all-stock deal values Pandora at around $3.5 billion, creating the “world's largest ...
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SiriusXM to acquire Pandora in a $3.5 billion all-stock deal

SiriusXM to acquire Pandora in a $3.5 billion all-stock deal

7 monthes ago   |   By VentureBeat

Automobile-focused satellite radio company SiriusXM has announced plans to acquire Pandora in an all-stock deal worth $3.6 billion. The deal comes a little more than a year after SiriusXM invested $480 million in Pandora for a 15 percent stake in the company, though rumors at the time suggested that SiriusXM had wanted to acquire Pandora outright...
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