Announced
Financials
Sources
Tags
music streaming platform
Online and Social Platforms
United States
Public
Acquisition
Pending
Single Bidder
Friendly
Majority
Domestic
Synopsis
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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