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November 16, 2015 09:28 pm GMT
That was fast: just as soon as it was reported that Pandora was in talks to buy Rdio, the two sides have confirmed that an acquisition is indeed takingplace. Pandora has acquired “key assets” from Rdio for $75 million in cash, the company has just announced. But as part of it, the Rdio service as we know it is tanking: the streaming serviceis filing for bankruptcy.… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JgGPW5LIet8/
Pandora To Buy Rdio Assets For $75M In Cash, Rdio Files Ch.11, Will Shutter Service
That was fast: just as soon as it was reported that Pandora was in talks to buy Rdio, the two sides have confirmed that an acquisition is indeed takingplace. Pandora has acquired “key assets” from Rdio for $75 million in cash, the company has just announced. But as part of it, the Rdio service as we know it is tanking: the streaming serviceis filing for bankruptcy.… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/JgGPW5LIet8/
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