SiriusXM, the digital radio platform with more than 36 million subscribers, announced on Monday that it plans to buy Pandora, which, with its nearly 75 million active listeners, remains one of the largest streaming music companies in the business. The $3.5 billion deal would create what the company says will be the largest audio entertainment corporation in the world.
Source: How SiriusXM’s Purchase of Pandora Could Change the Balance of Power in the Music Industry