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Sirius XM Agrees to Pay $3.5 Billion in Stock for Pandora to Create the World's Largest Audio-Entertainment Company

Business Insider
  • Sirius XM has agreed to pay $3.5 billion for Pandora in an all-stock transaction.
  • The deal has an implied price of $10.14 a share, and includes a "go-shop" provision.
  • Watch Sirius XM and Pandora trade in real time.

Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday...

Mentions: Pandora CEO