SiriusXM is buying Pandora for $3.5 billion

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SiriusXM is buying Pandora for $3.5 billion

Mireya Berrios, Staff writer

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SiriusXM and Pandora, 2 online radio apps are in an agreement to combine so that SiriusXM will offering $3.5 billion to Pandora in a deal where SiriusXM getting all of Pandora’s shared companies. By doing this, they will create the biggest music streaming company.

During this year, an agreement started between SiriusXM and Pandora around the month of late September. SiriusXM is offering $3.5 billion to Pandora in an all stock deal. The deal isn’t for sure and who knows if it will continue. SiriusXM has about 36 million subs while Pandora has 70 million, meaning that it’s popular and the company of SiriusXM has a reason to buy Pandora’s company.

SiriusXM CEO, Jim Meyer has stated they are doing this so people will be able to “see significant changes to drive innovation that will accelerate growth beyond what would be available to the separate companies, and does so in a way that also benefits consumers, artists, and the broader content communities.”

Pandora started in January of 2000. Pandora revolutionized online streaming by being able to type in a music author or song. By doing this, it finds several, different songs and authors similar to what you typed in and plays a playlist. Pandora was the first to accomplish this.

SiriusXM is buying Pandora for lot of money and the deal has been on the table for a while now. The deal though is not confirmed and can still be abandoned. Pandora revolutionised music streaming and by these two conjoining, it could create something big for the music streaming society. Pandora nor SiriusXM have confirmed anything so until then the deal is pending.

About the Writer
Mireya Berrios, Staff Writer

Mireya Berrios is indescribable so, she says. “I am not that kind of person that labels myself because I don’t know how to label myself.” She was...

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SiriusXM is buying Pandora for $3.5 billion