Caufield & James, L.L.P Caufield & James, L.L.P

Serving clients in Hawaii and throughout California, including Sacramento, Fresno, San Francisco Bay Area, Los Angeles, Bakersfield, Chico, Jackson, and San Diego

Call us now toll free:866-585-8944
search Navigation Menu

CAULFIELD & JAMES LLP_San Diego, California_Environmental Law 1

SiriusXM and Pandora have completed their merger, making SiriusXM the world's largest audio entertainment company. The merger combines SiriusXM's curated and exclusive subscription-based content with Pandora's highly-personalized, free streaming platform. As a result of the transaction, SiriusXM is now able to reach more than 100 million listeners with the company's audio products.

Those who enjoyed SiriusXM and Pandora separately will still be able to use the same products to which they have become accustomed. In addition, the newly-merged company intends to offer new audio packages that deliver a broader range of content to listeners.

Shortly after the transaction was finalized, the merged company launched a targeted promotion to SiriusXM subscribers and Pandora listeners that offers a subscription for $5 per month. Listeners may choose between the "News Talk," "Mostly News," or, "Mostly Music" packages. SiriusXM subscribers may also receive an extended 14-day trial to Pandora Premium service.

As a result of the merger, the outstanding Pandora shares that are not already owned by SiriusXM will be exchanged for a fixed ratio of 1.44 new shares of SiriusXM. Pandora CEO Robert Lynch will be ending his tenure, and Jim Meyer of SiriusXM will take over the role for the merged company.

Companies are required to work out a multitude of complex business and financial details when entering into a merger. A mergers and acquisitions attorney can help San Diego corporations ensure no detail is overlooked during times of major transition. When it comes to critical business transactions, even a minor error can have a very costly impact. Therefore, it may be wise to consult an experienced attorney before moving forward.

Source:Music Business Worldwide, "Sirius Completes $3.5BN Acquisition of Pandora," Murray Stassen, February 1, 2019

No Comments

Leave a comment
Comment Information

Contact us now to begin a confidential case evaluation:

Caufield & James, L.L.P

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

[an error occurred while processing this directive]