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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 21.70-6.4%3:59 PM EDT

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To: JakeStraw who wrote (8396)9/24/2018 9:22:16 AM
From: Sr K   of 8420
 
Also on WSJ.com

Sirius XM to Buy Pandora in $3.5 Billion Deal

Online radio deal expected to close in the first quarter of 2019

By Allison Prang

Updated Sept. 24, 2018 8:41 a.m. ET

Subscription radio company Sirius XM Holdings Inc. agreed to buy Pandora Media Inc. in a deal valued at about $3.5 billion, as the two sides face increasing competition from Spotify Technology SA and Apple Inc.

Sirius XM last year invested $480 million in Pandora, which now represents a stake of about 15% in the music-streaming company. John Malone’s Liberty Media Corp. owns a controlling interest in Sirius XM.
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