Two of the most important names in music are merging. SiriusXM is formally buying Pandora after beforehand investing $480 million within the streaming service.
The deal features a “go-shop” provisions which signifies that Pandora is allowed to entertain different presents. The deal wouldn't formally shut till someday in 2019 after the timeframe for this provision ends.
The buyout had lengthy been rumored, however Pandora will stay an impartial service. This ought to assist Pandora turn out to be worthwhile as the 2 can now share userbases for ads. This additionally helps SiriusXM transfer even nearer to its dream of customized radio channels.
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