Pandora Media
| Pandora Media, Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US6983541078 |
| founding | 2000 |
| Seat |
Oakland , California ,
|
| management | Tim Westergren ( CEO ) |
| Number of employees | 2,219 |
| sales | 1,164,000,000 US dollars |
| Branch | Internet services |
| Website | www.pandora.com |
| As of December 31, 2015 | |
Pandora Media is an American Internet company that operates the Internet radio of the same name .
initial public offering
The company , which until then no profit was made, went on 15 June 2011 to the Stock Exchange . The issue price of the share was 16 US dollars , rose on the Issue of up to 26 USD fell the next day and traded after two days below the issue price. After a temporary high of USD 37 in February 2014, the share fell back to the level of the issue price in summer 2015.
In 2013, Pandora had sales of $ 637 million. Approximately $ 521 million in advertising and $ 116 million in subscription services. Overall, however, the online radio continued to generate losses, which this year were 40 million.
In 2015, Sirius XM acquired 19% of the shares for $ 480 million. On September 24, 2018, both companies announced that Sirius XM would take over Pandora for $ 3.5 billion.
Individual evidence
- ↑ Management ( Memento of the original from April 15, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b Form 10-K 2015
- ↑ nachrichten.de ( Memento of the original from November 27, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Börse ARD ( Memento of the original from December 1, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Financial Times Deutschland ( Memento from June 23, 2011 in the Internet Archive )
- ↑ Pandora Expands Net Losses, Mediabiz, Feb. 6, 2014
- ↑ CNNMoney: SiriusXM is buying Pandora in a $ 3.5 billion deal
