Pandora to Acquire Key Assets from Rdio
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Pandora (P) to Acquire Key Rdio Assets in $75M Deal
November 16, 2015 4:06 PM ESTPandora (NYSE: P) announced an agreement to acquire several key assets from Rdio, a pioneer in streaming music technology. This will accelerate the companys plan to offer fans greater control over the music they love, strengthening Pandoras position as the definitive source of music.
Whether streaming through radio, on-demand or in-person at live events, Pandora is building the definitive source for fans to discover and celebrate music, said Brian McAndrews, chief executive officer at Pandora. Wherever and however fans want to hear music, we intend to be their go-to destination.
In addition to acquiring... More
