Items tagged with (nasdaq:siri)

In the realm of music, cassette tapes are largely dead and compact discs (CDs) are not far behind. Streaming music is both the present and future, and there are big bucks at stake. Hence why satellite music giant SiriusXM today announced that it is acquiring Pandora for around $3.5 billion. Once closed, the all-stock transaction will create the world's largest audio entertainment company, SiriusXM says. "We have long respected Pandora and their team for their popular consumer offering that has attracted a massive audience, and have been impressed by Pandora's strategic progress and stronger execution. We believe there are significant opportunities to create value for both companies' stockholders... Read more...