M&A Deal Summary

Pandora Media Acquires Ticketfly

On October 7, 2015, Pandora Media acquired internet software and services company Ticketfly for 450M USD

Acquisition Highlights
  • This is Pandora Media’s 2nd transaction in the Internet Software and Services sector.
  • This is Pandora Media’s largest (disclosed) transaction.
  • This is Pandora Media’s 2nd transaction in the United States.
  • This is Pandora Media’s 1st transaction in California.
Investment Fate
  • Ticketfly was divested to a consortium of strategic buyers in 2017 for 200M USD.

M&A Deal Summary
Date 2015-10-07
Target Ticketfly
Sector Internet Software and Services
Buyer(s) Pandora Media
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

Ticketfly

San Francisco, California, United States
Ticketfly is a technology company reimagining the live event experience for promoters and fans. Its ticketing, digital marketing, and analytics software helps promoters book top talent, sell more tickets, and increase in-venue revenue, while its consumer tools help fans find and purchase tickets to great events. Ticketfly was formed in 2008 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

Pandora Media

Oakland, California, United States
Category Company
Founded 2000
Sector Digital Media
Employees2,219
Revenue 1.5B USD (2017)
DESCRIPTION
Entrance to Pandora's headquarters in downtown Oakland, California.
Entrance to Pandora's headquarters in downtown Oakland, California.

Pandora Media, Inc. is an Internet radio recommendation service provider, which offers a personalized experience for each of its listeners. Pandora Media has developed a form of radio that uses intrinsic qualities of music to create stations and adapts playlists in real-time based on the individual feedback of each listener. Pandora Media, Inc. was established in 2000 and is headquartered in Oakland, California.

DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 2
Country (United States) 2 of 3
Year (2015) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Next Big Sound

New York, New York, United States

Next Big Sound is a provider of online music analytics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Rdio

San Francisco, California, United States

Rdio is a provider of streaming music services. The Company was formed in 2008 and is based in San Francisco.

Buy $75M
Mergr

Product

Company

Legal