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New Deal


Announced

SiriusXM to acquire Pandora for $3.5bn.

Financials

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Transaction Value£2,675m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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music streaming platform

Online and Social Platforms

United States

Public

Acquisition

Pending

Single Bidder

Friendly

Majority

Domestic

Synopsis

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Sirius XM and Pandora Media announced a definitive agreement under which SiriusXM acquired Pandora in an all-stock transaction valued at approximately $3.5bn. The combination creates the world's largest audio entertainment company, with more than $7bn in expected pro-forma revenue in 2018 and strong, long-term growth opportunities.

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