FBR Sees Pandora (P) Moving to Raise Additional Capital Following Rdio Deal
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Market Wrap: Marriott Aims to Acquire Peer; Clovis Oncology Slammed on Adverse News; Constellation Bolsters Beer Offerings
November 16, 2015 5:31 PM ESTMarket wrap for November 16th
End of the Day: S&P 500 up 30.2 to 2,053.19; Dow Jones up 237.8 to 17,486.01; Nasdaq up 56.7 to 4,984.62
Market Brief: Empire State Manufacturing results came in weaker than expected in October.
Marriott moved to acquire Starwood Hotels.
13Fs aplenty out late last week and today.
Clovis Oncology was hit following adverse rociletinib news.
Constellation Brands picks up microbrew.
Pandora scoops up certain Rdio... More
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
Pandora (P) said in talks to buy streaming radio service, Rdio - Variety
November 16, 2015 4:05 PM ESTPandora (NYSE: P) said in talks to buy streaming radio service, Rdio, according to Variety.
... More