Pandora acquired by Sirius XM Holdings
Free Internet radio app Pandora has been acquired by Sirius XM Holdings via an all-stock transaction for approximately $3.5 billion. The transaction has been unanimously approved by both the independent directors of Pandora and by the board of directors of SiriusXM and is expected to close in the first quarter of 2019.
Following the completion of the transaction, there will be no immediate change in listener offerings.
This way SiriusXM’s base of over 36 million subscribers across North America (plus 23 million+ annual trial listeners) and Pandora’s 70 million monthly active users are brought together.