SiriusXM to buy Pandora in $3.5 bln deal [Reuters]
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Source: Reuters
SiriusXM to buy Pandora in $3.5 billion deal | Reuters 1 Min Read (Reuters) - Sirius XM Holdings Inc ( SIRI.O ) said on Monday it will buy music streaming service Pandora Media Inc ( P.N ) in an all-stock deal valued at about $3.5 billion. Pandora shareholders will receive a fixed-exchange ratio of 1.44 newly-issued SiriusXM shares for each share they hold. SiriusXM currently owns convertible preferred stock in Pandora that represents a stake of about 15 percent on an as-converted basis, the companies said. Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. SiriusXM to buy Pandora in $3.5 billion deal (Reuters) - Sirius XM Holdings Inc ( SIRI.O ) said on Monday it will buy music streaming service Pandora Media Inc ( P.N ) in an all-stock deal valued at about $3.5 billion. Pandora shareholders will receive a fixed-exc
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