Sirius to Acquire Pandora in $3.5 Billion Online Radio Deal — TIME

Sirius XM Holdings Inc. said it will acquire Pandora Media Inc. in a $3.5 billion deal, helping the satellite-radio company expand into online music. The all-stock transaction values Pandora at $10.14 a share, about 12 percent more than the company’s closing price on Friday. Sirius already has a 15 percent stake in Oakland, California-based Pandora,…

via Sirius to Acquire Pandora in $3.5 Billion Online Radio Deal — TIME

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