SiriusXM to Buy Pandora for $3.5 Billion
- 6 years ago
SiriusXM to Buy Pandora for
$3.5 Billion SiriusXM Holdings announced Monday that it had reached a deal to acquire online streaming service
Pandora Media. The deal was a $3.5 billion all-stock deal to fully
acquire Pandora. The satellite radio company, which already owns about 15% of Pandora, SiriusXM has more than 36 million subscribers in North America. Pandora, a streaming music service founded in 2000, has more than
70 million active users. SiriusXM CEO Jim Meyer, via statement
$3.5 Billion SiriusXM Holdings announced Monday that it had reached a deal to acquire online streaming service
Pandora Media. The deal was a $3.5 billion all-stock deal to fully
acquire Pandora. The satellite radio company, which already owns about 15% of Pandora, SiriusXM has more than 36 million subscribers in North America. Pandora, a streaming music service founded in 2000, has more than
70 million active users. SiriusXM CEO Jim Meyer, via statement