SiriusXM to Acquire Pandora, Creating World’s Largest Audio Entertainment Company

SiriusXM to Acquire Pandora in All-Stock Transaction Valuing Pandora at $3.5 Billion,Both SiriusXM and Pandora Brands, Products, and Services to Continue,Complementary Transaction Adds Largest U.S. Audio Streaming Platform to SiriusXM’s Strong in-Car Presence,Pandora to Benefit from SiriusXM’s Scale, Industry Expertise, and Financial Resources,SiriusXM to Benefit from Pandora’s Mobile Strength, Digital Presence, and Ad Capabilities,Investor and Analyst Call Scheduled for This Morning at 8:30 AM ET

Source: SiriusXM to Acquire Pandora, Creating World’s Largest Audio Entertainment Company

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