9/22/2023 0 Comments Tank force of nature pandoraPandora consists largely of freeloaders, and that's problematic. Apple Music's stateside dominance is notable. Spotify is a global juggernaut with 83 million paying subscribers and 180 million monthly active users. Ultimately, a deal isn't worth it in any of the four scenarios. ![]() Amazon and Alphabet's Google have yet to see big bets in digital music pay off, so acquiring Pandora would make either tech titan a force. Spotify and Apple wouldn't mind having access to Pandora's 71.4 million active listeners, giving them a way to pad the subscriber base for their premium services. He argues that Spotify (NYSE: SPOT), Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and (NASDAQ: AMZN) are unlikely to step up to the plate at this point. RBC Capital analyst Mark Mahaney doesn't see this turning into a bidding war. Come in and make a low double-digit offer and it will be hard for the board to stick to the original plan. If anyone wants to sweep Pandora off its feet with a sweeter offer, the stage is set. Shares of Pandora entered the week priced at $9.09. Sirius XM is exchanging every share of Pandora with 1.44 shares of its own stock, a deal that was worth $10.05 a share for Pandora investors when the deal was announced - but down to $9.01 by Monday's close. Sirius XM didn't offer much of a premium for Pandora, and with the satellite radio operator's stock taking a hit on Monday the markup narrowed even more. ![]() Sirius XM announced the all-stock deal initially valued at $3.5 billion on Monday. Pandora (NYSE: P) is hitting the "last dance" phase of its life as a stand-alone public company, and if anyone wants to outbid Sirius XM Radio (NASDAQ: SIRI) for the streaming music pioneer they better speak up soon.
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