Pandora gets Sirius with $480 million investment

NEW YORK — Pandora is raising cash to help it take on Spotify and other streaming music services. The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity firm KKR for breaking up a previously agreed $150 million deal.


Read all

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.