Music service Pandora bought by radio firm Sirius for $3.5bn
Satellite radio company Sirius XM Holdings on Monday said it would buy music-streaming service provider Pandora in an all-stock deal valued at about $3.5 billion. The transaction is expected to be completed in the first quarter of next year, the companies said in a statement. Sirius already has a 15% stake in the US-based Pandora, according to their statement.