• Barrick Will Buy Randgold to Create World's Largest Gold Miner

    28 days ago - By Fortune

    Two of the world's most prominent gold miners are merging.
    Barrick Gold announced on Monday that it will acquire competitor Randgold in an all-stock deal. According to Barrick, it will form a new company, currently called New Barrick, and give current Randgold shareholders 6.1280 shares for every share they own of Randgold stock. When New Barrick is formed, Randgold shareholders will own approximately 33.4% of the company and Barrick shareholders will own the remaining 66.6%. CNN earlier reported on the news.
    The combined New Barrick would become the world's largest gold miner with a value...
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  • Pandora Has Only Itself to Blame for Sirius Sale

    28 days ago - By Washington Post

    The company always spent more than it made and failed to shift its business model.
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  • Sirius XM to buy Pandora in $3.5 billion streaming push

    28 days ago - By Reuters

    Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.
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  • Barrick Gold is buying Randgold for $6 billion in stock to create the world's largest gold miner

    28 days ago - By Chron

    Reuters/Chris Helgren
    Barrick Gold has agreed to buy Randgold Resources for $6 billion in stock.
    Barrick Gold shareholders will own approximately two-thirds of the combined company while Randgold shareholders will own the rest.
    The combined entity will have a market capitalization of $18.3 billion and will operate under the branding of the Barrick Group.
    Watch Barrick Gold and Randgold Resources trade in real time.
    Canada-based Barrick Gold has agreed to acquire Randgold Resources for $6 billion in an all-stock deal that makes the combined entity the world's largest gold company by...
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  • SiriusXM is buying Pandora for $3.5 billion

    28 days ago - By Fast Company

    A big bet on streaming.
    Satellite radio company SiriusXM is getting out of the car. The company is acquiring Pandora for a whole bunch of stock, in a deal valued at $3.5 billion, Axios first reported.
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  • SiriusXM to Buy Pandora for $3.5 Billion

    28 days ago - By NY Times

    SiriusXM had already invested $480 million in Pandora, which has struggled to grow in the face of competition from Spotify and Apple.
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  • SiriusXM Announces Plans to Acquire Pandora for $3.5 Billion

    28 days ago - By Fortune

    SiriusXM is hoping to build the “world's largest audio entertainment company” with some help from Pandora.
    The satellite radio company on Monday announced plans to acquire streaming music company Pandora for $3.5 billion. In a statement, SiriusXM said that the acquisition will be an all-stock transaction. Every Pandora shareholder will receive 1.44 shares of newly issued SiriusXM stock, putting a 13.8% premium on the company's average price over the past 30 days. SiriusXM hopes to close the deal in the first quarter of 2019.
    Pandora is widely viewed as a pioneer in the streaming-music...
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  • Sirius XM's $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music

    Sirius XM's $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music

    28 days ago - By Business Insider

    George Soros' hedge fund owned a $56 million stake in Pandora at the end of the second quarter on June 30.
    Even at the highest prices of the quarter, Sirius XM's purchase of Pandora would represent at least a 30% premium on his investment, so long as he still holds the stock.
    Sirius XM would give Pandora shareholders 1.44 new shares for every Pandora share they own.
    A "go shop" provision allows Pandora to seek a better offer.
    Follow Pandora's stock price in real-time here.
    Hedge fund billionaire George Soros disclosed a massive stake in Pandora last mont h, and his bet on streaming music...
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  • Sirius XM's $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music

    Sirius XM's $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music

    28 days ago - By Business Insider

    George Soros' hedge fund owned a $56 million stake in Pandora at the end of the second quarter on June 30.
    Even at the highest prices of the quarter, Sirius XM's purchase of Pandora would represent at least a 30% premium on his investment, so long as he still holds the stock.
    Sirius XM would give Pandora shareholders 1.44 new shares for every Pandora share they own.
    A "go shop" provision allows Pandora to seek a better offer.
    Follow Pandora's stock price in real-time here.
    Hedge fund billionaire George Soros disclosed a massive stake in Pandora last mont h, and his bet on streaming music...
    Read more ...

     

  • Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    28 days ago - By Chron

    AP Photo/Mark Lennihan
    Sirius XM has agreed to pay $3.5 billion for Pandora in an all-stock transaction.
    The deal has an implied price of $10.14 a share, and includes a "go-shop" provision.
    Watch Sirius XM and Pandora trade in real time.
    Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday.
    The deal, which includes a "go-shop" provision, will pay current Pandora shareholders 1.44 newly-issued Sirius XM shares for every share they own. The implied price of $10.14 a share...
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  • SiriusXM Announces Plans to Acquire Pandora for $3.5 Billion

    28 days ago - By Fortune

    SiriusXM is hoping to build the “world's largest audio entertainment company” with some help from Pandora.
    The satellite radio company on Monday announced plans to acquire streaming music company Pandora for $3.5 billion. In a statement, SiriusXM said that the acquisition will be an all-stock transaction. Every Pandora shareholder will receive 1.44 shares of newly issued SiriusXM stock, putting a 13.8% premium on the company's average price over the past 30 days. SiriusXM hopes to close the deal in the first quarter of 2019.
    Pandora is widely viewed as a pioneer in the streaming-music...
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  • SiriusXM buying Pandora Media in $3.5 billion deal

    28 days ago - By Chron

    NEW YORK - Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas.
    SiriusXM Holdings Inc. has more than 36 million subscribers in North America, while Pandora has more than 70 million monthly active users.
    Pandora stockholders will receive 1.44 newly issued SiriusXM shares for each Pandora share they own. Pandora has a "go-shop" period in which it can solicit other offers from third parties.
    Both companies' boards...
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  • SiriusXM to buy Pandora in $3.5 billion streaming push

    28 days ago - By Reuters

    Satellite radio firm Sirius XM Holdings Inc will buy music streamer Pandora Media Inc in a $3.5 billion all-stock deal, as it seeks to build scale to battle heavyweight streaming rivals Spotify and Apple Music.
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  • SiriusXM to acquire Pandora in a $3.5 billion all-stock deal

    SiriusXM to acquire Pandora in a $3.5 billion all-stock deal

    28 days ago - By Venture Beat

    Automobile-focused satellite radio company SiriusXM has announced plans to acquire Pandora in an all-stock deal worth $3.6 billion. The deal comes a little more than a year after SiriusXM invested $480 million in Pandora for a 15 percent stake in the company, though rumors at the time suggested that SiriusXM had wanted to acquire Pandora outright...
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  • SiriusXM to acquire Pandora for $3.5 billion

    28 days ago - By Tech Crunch

    SiriusXM and Pandora have announced acquisition plans before the stock market opens. SiriusXM is offering to acquire Pandora for $3.5 billion in stock, or $10.14 per share. Pandora would continue to exist as an independent service.
    For Pandora shareholders, this offer represents a 13.8 percent premium over the volume-weighted average share price of the past 30 days. Both the Pandora board and the SiriusXM board have approved the plan.
    But the transaction isn't going to happen right away. As part of the deal, Pandora negotiated a "go-shop" provision, which means that Pandora's board can...
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  • Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    Sirius XM agrees to pay $3.5 billion in stock for Pandora to create the world's largest audio-entertainment company

    28 days ago - By Business Insider

    Sirius XM has agreed to pay $3.5 billion for Pandora in an all-stock transaction.
    The deal has an implied price of $10.14 a share, and includes a "go-shop" provision.
    Watch Sirius XM and Pandora trade in real time.
    Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday.
    The deal, which includes a "go-shop" provision, will pay current Pandora shareholders 1.44 newly-issued Sirius XM shares for every share they own. The implied price of $10.14 a share is a 13.8% premium to...
    Read more ...