SiriusXM just announced they will be investing $480M in cash into Pandora, which will give them a ~16% stake in the company on an as-converted basis. The investment will come in the form of newly-issued Series A convertible preferred Pandora stock. $172.5M of the preferred stock was purchased upon execution of the deal, and the balance will be bought at a second closing. Separately,… Read More
from iFeeltech IT News Mix4 https://techcrunch.com/2017/06/09/pandora-raises-480m-from-siriusxm-sells-ticketfly-to-eventbrite-for-200m/?ncid=rss
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