counting on data and users to make idea profitable Online radio company Pandora Media Inc.
announced Monday the charm australia acquisition of assets from music streaming startup Rdio Inc., a company once valued at over $500 million, for $75 million. Bankruptcy Court in San Francisco pandora usa granting bankruptcy protection to Rdio and approving the transaction. Pandora will be getting technology and a "significant number" of employees, but not licensing deals or the brand, executives said. Pandora described its latest acquisition as another step toward trying to play in other areas of the music industry. The Oakland based company is by far the largest of its kind. Pandora runs a free music streaming service and says 80 million people use Pandora to listen to music every month. The Oakland, California based company. Streaming music company Pandora says it will buy Ticketfly for $450 million in a move that takes the company into ticket sales and event marketing. Pandora runs a free music streaming service and says 80 million people use Pandora to listen to music every month. The Oakland, California based company. () So while still holding lots of cash ($364 million in cash and short term investments), Pandora is buttressing revenue by expanding into ticket sales and new types of listening options beyond computer curated stations. The moves are directed at getting its 78 million users to spend more time jewelry seattle on Pandora. SIGN UP for the free California Inc.
business newsletter >> Pandora executives declined to discuss how many users Rdio has or details about its business. But they said they should pandora store locator be able to make a Rdio like business profitable by taking advantage of Pandora's large userbase and the knowledge about their music tastes to decrease marketing costs and increase usage.
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