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Pandora to acquire assets of Rdio for $75M US

Media | 11/16/2015 9:42 pm EST

Pandora Media Inc. announced Monday it will be acquiring key assets from music streaming service Rdio Inc. for $75 million US. It said in a press release that it will be acquiring technology and intellectual property, as well as hiring some employees, from Rdio and plans to expand Pandora’s listening experience by late 2016. “We are defining the next chapter of Pandora’s growth story,” Brian McAndrews, CEO at Pandora, said in the release. “Adding live music experiences through Ticketfly was a transformative step. Adding Rdio’s impressive technology and...