Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for September 24th, 2018

SiriusXM Serious About Acquiring Pandora

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Big deal in the works this Monday morning.

CNBC’s reporting that SiriusXM is going to buy Pandora in an all-stock deal valued at $3.5 billion. 

As The New York Times writes about the deal, “Pandora rose to success by providing tailored radio stations for its users that were sprinkled with ads” but that in recent years “it has struggled to compete with rival services like Spotify and Apple Music.

The Times also notes that Pandora has been a potential acquisition target for at least two years, and that SiriusXM had been in the running to buy the company since it injected $480 million of funding into the company last year.

The agreement between SiriusXM and Pandora includes a “go-shop” provision where Pandora “may actively solicit, receive, evaluate, and potentially enter negotiations with parties that offer alternative proposals following the execution date of the definitive agreement.”

The company’s acquisition of Pandora would make SiriusXM the world’s largest audio entertainment company, with over $7 billion in combined revenue in 2018.

Written by turbotodd

September 24, 2018 at 10:01 am

Posted in 2018, acquisition

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Tiger’s Triumph

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For golf fans everywhere, it was quite the past several days to witness the triumphant return of Tiger Woods to the top of the leaderboard at this year’s final PGA event, the Tour Championship.

Woods ended up beating Billy Horschel by two strokes with a final round one over par. However, he was 11 under for the tournament and his play on Saturday, especially the front nine, where he scored six birdies in nine holes, was nothing short of spectacular. 

This from a golfer who a year ago self-admittedly didn’t have a swing and wasn’t sure if he’d return to professional golf. Judging from the army of fans following him down the 18th fairway at East Lake, they were glad to see him back.

Now, it’s on to this weekend’s Ryder Cup at Le Golf National just outside Paris. Will the Americans be able to win two in a row? And will Tiger’s contributions in Paris measure up to his singular achievement this weekend?

We’ll find out this Friday!

Written by turbotodd

September 24, 2018 at 9:32 am

Posted in 2018, golf, PGA, pga tour

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