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June 9, 2017 01:04 pm GMT
Troubled streaming music service Pandora has finally found a white knight of sorts to boost it with a cash injection as it looks to improve its business: SiriusXM has just announced that it will be investing $480 million in cash into publicly-traded Pandora, which will give the satellite radio company around 16 percent ownership of Pandora on an as-converted basis. Along with this, Pandora… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VqsGy6riy_8/
Pandora raises $480M from SiriusXM, sells Ticketfly to Eventbrite for $200M
Troubled streaming music service Pandora has finally found a white knight of sorts to boost it with a cash injection as it looks to improve its business: SiriusXM has just announced that it will be investing $480 million in cash into publicly-traded Pandora, which will give the satellite radio company around 16 percent ownership of Pandora on an as-converted basis. Along with this, Pandora… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/VqsGy6riy_8/
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