Pandora got desperate e**ugh that it lost $250 million on Ticketfly
 

Pandora got desperate e**ugh that it lost $250 million on Ticketfly
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Pandora has been trying to find the right buyer for over a year, with ** luck.*

Desperate times call for desperate measures. The music-streaming service has agreed to a $480 million investment from SiriusXM. In doing so, it's taking a $250 million loss on Ticketfly, which Pandora bought just 18 months ago.*

Pandora rejected an offer from SiriusXM to buy the struggling online radio service outright, CNBC reported. Pandora had said ** to earlier offers because the company felt they didn't value the company high e**ugh. Instead, Pandora will get $480 million through a strategic cash investment. SiriusXM gets to choose three new members of Pandora's board of directors and a new chairman.* Read more...

More about Pandora, Streaming Music, Music Streaming, Streaming Services, and Siriusxmhttp://feeds.feedburner.com/~r/Mashable/~4/QPviuDPAa4U