Pandora has announced that it will be purchasing key assets of music streaming service Rdio. As Rdio files for bankruptcy, Pandora will be purchasing parts of the company, as well as offering its employees positions at Pandora, for $75 million in cash. The entire company will not be purchased.
On the plus side, Pandora will be improved using this new technology late 2016. Unfortunately, it also means that people will have to say goodbye to Rdio. It’s rarely a good thing when a competitor goes out of business, but the struggling service will soon be no more.
More details about changes to Pandora will be coming soon. How many of you still use Rdio? Leave a comment!