SiriusXM Investing $480 Million into Pandora

SiriusXM is investing $480 million in Internet radio streaming service Pandora Media Inc., giving it a 19% stake in the company. Concurrently, Pandora is selling its Ticketfly business to Eventbrite for $200 million. Shares of Pandora rose 6.2 percent on Friday to $9.00. The transaction was announced Friday and the … more

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