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Rdio Is Shutting Down and Pandora Is Buying Up the Scraps

The world's largest streaming radio service grabs a well respected on-demand platform.

Larry Busacca / Getty Images

Pandora is the granddaddy of streaming music, with more than 15 years in business and more monthly listeners using it to hear tunes than any anyone save for YouTube. But Pandora, a public company, has struggled to turn a profit, and seen it’s user growth slow in recent years.

Today it announced that it will be acquiring “several key assets” from Rdio, which is filing for bankruptcy. The purchase price is $75 million, and the acquisition includes technology and intellectual property. Several teams from Rdio will be offered the chance to work at Pandora.

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This article originally appeared on Recode.net.