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.
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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
Sirius XM Holdings will acquire Pandora for $3.5 billion in all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday.
The deal, which includes a "go-shop" provision, has an implied price of $10.14 a share, and will pay current Pandora shareholders 1.44 newly-issued shares SiriusXM shares for every share they own.
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