Home / Market / Pandora acquiring Rdio technology for US$75M, promises more streaming features by late 2016
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Pandora acquiring Rdio technology for US$75M, promises more streaming features by late 2016

Rdio would be the second big purchase by Pandora following its agreement to buy ticket seller Ticketfly last month for US$450 million.

OAKLAND, Calif. — Pandora says it is acquiring technology and intellectual property from Rdio and will add new features to its Internet music streaming service by late next year.

The US$75 million cash deal depends on Rdio seeking bankruptcy protection and gaining court approval for the deal. Rdio will wind down its service.

It would be the second big purchase by Pandora following its agreement to buy ticket seller Ticketfly last month for US$450 million.

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