Company SiriusXM announces acquiring the service of musical Pandora compared to $ 3.5 million

Pandora

The company announced SiriusXM today they decided to take over the service Music Pandora for 3.5 billion USD. The company says it will keep the brand and services offered by Pandora after the acquisition, so there is no worry for users of active service Pandora, who number 70 million almost. The trunk is worth noting that SiriusXM itself has about 36 million subscribers.

This buyout should not be surprising given that SiriusXM has invested $ 480 million dollars in the service of Pandora in the last year to get a share of 19 percent in the company. Has been adjustment at the time that can be played company SiriusXM eventually acquired the company Pandora full.

That’s what happened now, so will Pandora to a portfolio SiriusXM as the first music service will be all service by the other radio. And company SiriusXM that the process of acquisition that will create ” the largest entertainment company reputation in the world. “ With regard to the increase in the price of the subscription, it said the company that there would not be any changes to the value of subscription services, SiriusXM, or Pandora at this time. However, one can not exclude the occurrence of it in the future.

Of course, nothing will change after the acquisition of these, so will users of Pandora to get the same services at the same prices. Thus, the 5.6 million who pay for this service do not have to worry about now. Explained company SiriusXM also that the content is free of ads ” it exists and it ” appears this is what distinguishes service Pandora for the rest of the services of the other competition.

 

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