SiriusXM buys Pandora for $3.5 billion - Advanced Gadget News

Latest

Advanced Gadget News.delivers current local and national news, tech, gadget, gaming, tricks and tips, photos, videos, Downloads

Monday, 24 September 2018

SiriusXM buys Pandora for $3.5 billion

Today SiriusXM has announced that it's purchasing Pandora for a cool $3.5 billion. This acquisition will create the world's largest audio entertainment company. Rumors of a deal between the two entities have been floating around since June. This transaction concludes Pandora's months-long search for a buyer. SiriusXM has previously invested $480 million on the music streaming service, so the two weren't strangers before this. With this acquisition, SiriusXM gets access to Pandora's 70 million monthly users, including 5.6 million who are paying members of its Premium service. At this...



from GSMArena.com - Latest articles https://ift.tt/2xCI2eN

No comments:

Post a comment