Breaking News

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025 Dolby Unveils Dolby Vision 2 Samsung Launches All-New Sound Tower at IFA 2025 LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

SiriusXM to Acquire Pandora For $3.5 Billion

SiriusXM to Acquire Pandora For $3.5 Billion

Enterprise & IT Sep 24,2018 0

Sirius XM Holdings Inc. will acquire and Pandora Media, Inc. the largest U.S. audio streaming platform, in an all-stock transaction valued at approximately $3.5 billion.

The combination creates the world's largest audio entertainment company, with more than $7 billion in expected pro-forma revenue in 2018 and long-term growth opportunities.

This strategic transaction builds on SiriusXM's position as the leader in subscription radio and a curator of exclusive audio programming with the addition of the largest U.S. audio streaming platform. Pandora's powerful music platform will enable SiriusXM to expand its presence beyond vehicles into the home and other mobile areas. Following the completion of the transaction, there will be no immediate change in listener offerings.

The combined company will capitalize on cross-promotion opportunities between SiriusXM's base of more than 36 million subscribers across North America and 23 million-plus annual trial listeners and Pandora's more than 70 million monthly active users, which represents the largest digital audio audience in the U.S.

SiriusXM's exclusive content and programming will be combined with Pandora's ad-supported and subscription tiers to create new audio packages. SiriusXM has also extensive automotive relationships, which are expected to drive Pandora's in-car distribution.

The transaction has been unanimously approved by both the independent directors of Pandora and by the board of directors of SiriusXM.

The transaction is expected to close in the first quarter of 2019. It is subject to approval by Pandora stockholders, expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and certain competition laws of foreign jurisdictions and other customary closing conditions.

Tags: SiriusXMpandora
Previous Post
HyperX Releases FURY RGB SSD and SAVAGE EXO SSDs
Next Post
Creative's Super X-Fi Magical Headphone Holography Launches

Related Posts

  • SiriusXM and Pandora Launch Pandora NOW

  • Sirius XM Coming to Amazon Echo devices

  • Pandora Plus Radio Service Launched

  • Pandora Enters Into Licensing Agreements With Merlin Network, Sony Music and Universal Music Group

  • Pandora Wins Summary Judgment In License Dispute

  • Sirius introduces new Lower cost Portable Satellite Radio

  • Dephi Launches Portable XM Satellite Radio

  • SIRIUS Introduces the STILETTO 100, its First Live Portable Satellite Radio

Latest News

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025
Enterprise & IT

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025

Dolby Unveils Dolby Vision 2
Consumer Electronics

Dolby Unveils Dolby Vision 2

Samsung Launches All-New Sound Tower at IFA 2025
Consumer Electronics

Samsung Launches All-New Sound Tower at IFA 2025

LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification
Enterprise & IT

LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses
Cameras

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed