SiriusXM presses play on deal with Pandora Media

SiriusXM presses play on deal with Pandora Media

7 years ago
Anonymous $oIHRkISgaL

https://apnews.com/eb450eab50214bae9b954752f4eaf2d5

NEW YORK (AP) — Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a deal valued at about $3.5 billion that will allow it to expand its service beyond cars and into mobile devices and homes.

Pandora has faced intense pressure from competitors like Spotify and Apple. Its last quarterly profit was in December 2014.