SiriusXM is poised to acquire Pandora for $3.5bn in stock, in a deal that has been approved by both company's boards and is expected to close early next year. However, Pandora has a "go-shop" condition, allowing it to consider other offers. Pandora only has around 6 million paid subscribers — The acquisition of Sirius would be the latest move into satellite radio from Pandora. Furthermore, SiriusXM, which is popular in US vehicles, will also make Pandora easier to access in-car. Pandora has six million paid subscribers, despite having more than 70 million monthly active listeners.
SiriusXM is poised to acquire Pandora for $3.5bn in stock, in a deal that has been approved by both company's boards and is expected to close early next year. However, Pandora has a "go-shop" condition, allowing it to consider other offers. The acquisition of Sirius would be the latest move into satellite radio from Pandora. Furthermore, SiriusXM, which is popular in US vehicles, will also make Pandora easier to access in-car. Pandora has six million paid subscribers, despite having more than 70 million monthly active listeners.