24-09-2018 14:10 via thedrum.com

Pandora to be acquired by SiriusXM for $3.5bn

Music streaming service Pandora has agreed to be acquired by SiriusXM in a stock deal worth $3.5bn.
The deal will see the satellite radio company take over control of Pandora during the first quarter of 2019 to aid its battle in competing with Spotify, Apple Music and Google Play Music to reach ears.
Sirius XM chief executive Jim Meyer commented: "We have long respected Pandora and the team for its popular consumer offering that has attracted a massive audience, and have
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