Thank You for Diversifying: Pandora Acquires Ticketfly for $450 Million…

Theoretically, companies can’t go on forever without turning a profit, though perhaps Pandora’s problem is diversification.  Or, lack thereof: as ad-supported online music proves to be one of the worst business models on the planet, Pandora is smartly branching out into something else: ticketing.
As of this (Wednesday) morning, Pandora has confirmed its $450 million purchase of Ticketfly, with a combination of stock and cash clearing the deal.  “Over the past 10 year