The deal should be completed in Q1 2019.
Pandora, one of the oldest names in the music streaming market, is being purchased by SiriusXM for $ 3.5 billion in stock. The deal was announced on Monday, September 24, and SiriusXM expects that everything should be finalized around the first quarter of 2019.
According to CNBC, the acquisition includes a “go-shop” provision. With this, Pandora “may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer [Read More…]