SiriusXM Buying Pandora For $3.5-Billion
(Undated) — SiriusXM is buying Pandora for three and-a-half billion dollars. The deal the two companies announced today will create the world’s biggest audio entertainment business. SiriusXM has 36-million subscribers and groundbreaking streaming music service Pandora has more than 70-million active users. SiriusXM has developed a stable of stars with exclusive programming to go with its lineup of music, news, talk, and sports. SiriusXM spent 480-million dollars for a 19-percent stake in Pandora last year.
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