Pandora Is Being Bought Out By Sirius XM

The music industry was shaken up today, not by a celebrity, but by a company buyout that we’re closely monitoring. The premium radio service Sirius XM has decided to buy out Pandora’s streaming service in a whopping $3.5 billion deal. Considering both of these are “radio stations,” the all-stock buyout deal is going to create a new industry standard for streaming services.

70 million people use Pandora as a go-to streaming service, while there are 36 million monthly subscribers to Sirius XM. And, while Sirius already owned 15 percent of Pandora, they wanted to own the entirety of the brand to better consolidate marketing. Additionally, stockholders will be able to gain more out of having a single audio streaming company that rivals Apple Music and Spotify. The combined company will become the largest audio streaming service on the market.

Shares of Pandora/Sirius are expected to be at $10.14 per share, and have already reported a surge since the deal was first announced earlier this morning. Be sure to check out the full playlist above for all the music-merger details.

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6 years ago
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