Pandora To Buy 'Several Key Aspects' of Rdio for $75 Million
Pandora agreed to buy "several key aspects" of streaming music technology provider Rdio for $75 million cash, Pandora said in a news release Monday. The company will acquire certain technology and intellectual property from Rdio and will offer "many" Rdio…
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employees roles with Pandora, the release said. After regulatory approval of the transaction, Rdio will begin "winding down" its branded services, Pandora said.