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SiriusXM Completes $480M Investment in Pandora, 3 Join Board
Pandora and SiriusXM announced Friday that the later has purchased $307.5 million of Series A preferred stock in Pandora, completing the $480 million strategic investment announced on June 9, 2017. Under the terms of the agreement, a subsidiary of SiriusXM purchased $172.5 million of Series A preferred stock upon execution of the agreement on June 9, 2017 and today purchased an additional $307.5 million of the Series ...
Concord Music Acquires Savoy Label Group, 429 Records
Indie music powerhouse Concord Music continues its buying streak with this acquisition of the Savoy Label Group. Details of the deal were not disclosed. In June, Concord acquired music publisher Imagem at a record breaking price reported to be between $500 million and $600 million. The combined companies create the world's sixth largest music publishing company. ...
