News
SiriusXM acquires Pandora for $3.5 Bn
SiriusXM acquires Pandora in an all-stock transaction valuing Pandora at $3.5 Bn to create the world’s largest audio entertainment company. The combined company will merge the largest US audio streaming platform with SiriusXM’s strong in-car presence and have an expected turnover of more than $7 Bn in 2018. The combined company has a market value of about $34 Bn, topping Spotify’s $31.2 Bn and follows an initial purchase by SiriusXM of a 15% stake in […]