+1-650-457-5617meetings@svicenter.com
+1-650-457-5617
meetings@svicenter.com

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Operator of radio stations

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Pandora Media

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Operator of radio stations. The company is a music streaming and automated music recommendation service powered by the Music Genome Project which in-build video marketing and music discovery platform, enables the users to discover upcoming entertainment based on their interests.

Year Founded
2000
Employees
1.9 K
RevenueTTM 3Q2018
$1.5 B
Net IncomeTTM 3Q2018
($3.3 M)
General Information
  • Website

    http://pandora.com

  • Business Status

    Profitable

  • Ownership Status

    Publicly Held

  • Financing Status

    Corporate Backed or Acquired

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Pandora Media Status

The company reached a definitive agreement to be acquired by Sirius XM Radio (NASDAQ: SIRI) for $3.5 billion on September 24, 2018. Sirius offered 1.44 new common shares per Pandora share. The acquisition will help Sirius XM Radio diversify their revenue streams with ad-supported audio offering and broadens their technical capabilities while representing a step forward in their efforts to expand their reach out of the car even further. The deal is expected to close in the first quarter of 2019.

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Headquarters
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  • HQ Address Line 1
    2100 Franklin Street
  • HQ Address Line 2
    Suite 700
  • HQ City
    Oakland
  • HQ State/Province
    California
  • HQ Post Code
    94612
  • HQ Country
    United States
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