Pandora (P) to Acquire Key Rdio Assets in $75M Deal
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Pandora to Acquire Key Assets from Rdio
November 16, 2015 4:05 PM ESTAdding technology, IP and talent to accelerate development of new capabilities; Pandora hosting investor call to outline growth strategy at 1:30 p.m. PT today
OAKLAND, Calif.--(BUSINESS WIRE)-- Pandora (NYSE: P), the worlds most powerful music discovery platform, today 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.
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