M&A Deal Summary

Sirius XM Holdings Acquires Pandora Media

On September 24, 2018, Sirius XM Holdings acquired digital media company Pandora Media for 3.5B USD

Acquisition Highlights
  • This is Sirius XM Holdings’ 1st transaction in the Digital Media sector.
  • This is Sirius XM Holdings’ largest (disclosed) transaction.
  • This is Sirius XM Holdings’ 4th transaction in the United States.
  • This is Sirius XM Holdings’ 2nd transaction in California.

M&A Deal Summary
Date 2018-09-24
Target Pandora Media
Sector Digital Media
Buyer(s) Sirius XM Holdings
Deal Type Add-on Acquisition
Deal Value 3.5B USD
Advisor(s) Centerview Partners
LionTree Advisors LLC
Morgan Stanley (Financial)
Sidley (Legal)

Target

Pandora Media

Oakland, California, United States
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.

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Buyer(S) 1

Buyer

Sirius XM Holdings

New York, New York, United States
Category Company
Founded 1990
Sector Media
Employees2,327
Revenue 4.6B USD (2015)
DESCRIPTION

Sirius is a satellite-based digital audio radio service provider.

DEAL STATS #
Overall 4 of 8
Sector (Digital Media) 1 of 3
Type (Add-on Acquisition) 3 of 6
State (California) 2 of 6
Country (United States) 4 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Automatic Labs

San Francisco, California, United States

Automatic Labs, Inc. is a provider of connected vehicle services for consumers and enterprises. Automatic's data-driven platform enables vehicle owners to be safer and drive smarter. The company's proprietary Automatic Pro and Automatic Lite connected car adapters provide vehicle diagnostic alerts, emergency crash assistance, fuel monitoring, access to parking information, live vehicle location tracking and much more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Stitcher

San Francisco, California, United States

Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

Buy $325M
Mergr

Product

Company

Legal