SiriusXM and Pandora Get Together to Create the Largest Audio Entertainment Company in US
Sirius XM Holdings and Pandora Media announced a definitive agreement under which SiriusXM will acquire Pandora in an all-stock transaction valued at approximately $3.5 billion. The combination creates the largest audio entertainment company in the US (both services are only available in the US market), with more than $7 billion in expected pro-forma revenue in 2018 and strong, long-term growth opportunities. According to the announcement, both SiriusXM and Pandora brands, products, and services will continue independently.