SiriusXM can be buying Pandora in $3.5 billion deal

01 SiriusXM FILE
fresh YORK, NY – JUNE 12: General view of SiriusXM Studios on June 12, 2015 in fresh York City. (Photo by Robin Marchant/Getty Images for SiriusXM)

SiriusXM can be buying Pandora in a $3.5 billion all-stock deal.

The deal will create the earth’s largest audio entertainment company, the companies said early Monday.

SiriusXM (SIRI) has 36 million subscribers in North America. the item was formed with the merger of the Sirius along with XM satellite radio services in 2008.

Sirius had paid Howard Stern hundreds of millions of dollars to lure him by traditional radio in 2006. The combined company has built a stable of stars with exclusive programming to go along with its lineup of music, news, talk along with sports.

Pandora (P), founded in 2000, was a groundbreaking streaming music service. the item has more than 70 million monthly active users.

CNNMoney (fresh York) First published September 24, 2018: 7:26 AM ET

Source : SiriusXM can be buying Pandora in $3.5 billion deal