Streaming Music Service

Rdio is Shutting Down, Pandora Acquiring ‘Key Assets’ For $75 Million

Two of the biggest Apple Music competitors are joining forces, with Pandora announcing its $75 million acquisition of “key assets” from Rdio, which is filing for bankruptcy. According to the press release from Pandora, the company has gained unspecified "technology and intellectual property," and a number of Rdio's employees will be given roles at Pandora....