Board hasn’t responded to new engagement from Greg Maffei Sirius XM‘s Chairman Greg Maffei recently approached Pandora Media Inc.’s board to express renewed interest in a takeover of the Internet radio provider, according to people familiar with the matter, following up on its offer from earlier this year. Pandora shares rose on Friday after a […]
Pandora’s board has turned down a take-over offer from Liberty Media. Liberty Media CEO Greg Maffei approached the company with an offer of around $15 per share in recent months, which would equal around $3.4 billion. Pandora board members value the company at closer to $20 per share.
On Monday, Rdio declared Chapter 11 bankruptcy in one of the bigger busts in the era of streamed music. The filing was expected after an announcement that the on-demand service would sell some of its key assets to Pandora for $75 million, but court papers lodged in U.S. Bankruptcy Court in San Francisco, California reveal […]
PANDORA IS BUYING KEY TECHNOLOGY AND TALENT FROM STREAMING MUSIC SERVICE RDIO, WHICH WILL BE SHUTTING DOWN. Another week, another shake-up in the digital music world. Pandora, the company that pioneered personalized Internet radio, is eyeing a leap into the on-demand music space dominated by Spotify, Apple Music and, until today, Rdio. Today, Pandora announced […]
The leading Internet radio company is diversifying its portfolio by entering the ticketing business. Pandora announced Wednesday it has acquired San Francisco-based ticketing company Ticketfly. The purchase price of $450 million, a nearly even split of cash and stock, is subject to certain price adjustments. “This is a game-changer for Pandora – and more importantly […]
Netgear announced plans for its own streaming box: the $90 Netgear Roku Player. The Netgear Roku Player promises a 1080p image (depending on the content), via built-in Wireless-N and Ethernet. The box also has HDMI, composite video and stereo output options for connecting to any TV. Netgear’s box boasts access to over 100,000 movies, TV […]