![]() The Swedish streaming company has 180 million total monthly active users worldwide, with 79 million as subscribers. However, Pandora doesn't have the global reach that Spotify has. Spotify has 55.8 million monthly active users in North America, compared to Pandora's 70 million and SiriusXM's 36 million. The on-demand streaming service Spotify is most often in the news, but in the 18-plus years since its founding Pandora has remained competitive in the music streaming space. Music News A Music Industry Peace Treaty Passes Unanimously Through Congress What's changed is my confidence in Pandora as an asset, and that confidence is a result of the progress I've seen in the last 12 months." when we took that position, I assure you, there was no guarantee that any further transaction would get done or that we would end up where we've ended up today. We had a conversation 15 months ago and couldn't reach an agreement on value, quite honestly. "I've been in conversations with Pandora before Roger was there and certainly after Roger's been there. "This is the worst-kept secret of a courtship that's gone on for several years," Meyer said Monday morning. ![]() Just a few weeks after that deal was announced, Pandora co-founder and CEO Tim Westergren stepped down from the company. ![]() That move allowed SiriusXM to appoint three executives to Pandora's board, with one serving as chairman. The deal would still need to be reviewed by antitrust regulators and shareholders, he added.Īnd it comes 15 months after SiriusXM invested $480 million in Pandora. The merger would create "the world's largest audio entertainment company," SiriusXM CEO James Meyer said in a conference call. The deal is expected to close in early 2019. Satellite radio giant SiriusXM is buying the Oakland, Calif.-based digital radio company Pandora in an all-stock deal valued at $3.5 billion, the companies announced Monday. Oakland, Calif.-based digital radio company Pandora is being purchased by satellite radio giant SiriusXM, the companies announced Monday. ![]()
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