Rdio Is Shutting Down and Pandora Is Buying Up the Scraps

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.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Explanatory journalism is a public good

At Vox, we believe that everyone deserves access to information that helps them understand and shape the world they live in. That's why we keep our work free. Support our mission and help keep Vox free for all by making a financial contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via