SiriusXM to Buy Pandora for $3.5 Billion
SiriusXM today announced that it has agreed to acquire Pandora in an all-stock deal valued at $3.5 billion. SiriusXM provides satellite radio to some 36 million car-based subscribers, while Pandora has about 70 million listeners with 5.6 million paying monthly for Pandora's premium service. SiriusXM says it will be able to pair its exclusive content with Pandora's ad-supported and subscription tiers to deliver unique audio packages. SiriusXM hopes to use its existing base of automotive relationships to push Pandora more deeply into cars. The combined companies will continue to invest in content and technology for music services that are consumed in and out of the car. In particular, SiriusXM hopes to make new in-roads with mobile devices, where much of Pandora's content is consumed. The deal has been approved by the boards of both companies, but is still subject to regulatory requirements. SiriusXM and Pandora expect the deal to close during the first quarter of 2019.
May 17, 2018
YouTube today announced YouTube Premium and YouTube Music, services that replace YouTube Red and YT Music, respectively. Moving forward, YouTube Premium will be the video site's top-tier service, offering originals, ad-free play, background play, and downloads across YouTube.
Jan 6, 2020
The Bluetooth SIG today announced Bluetooth LE Audio, a new part of the Bluetooth standard designed to replace all previous audio profiles, which will now be referred to as "Classic Audio". LE Audio uses the Bluetooth LE radio, a version of Bluetooth optimized for low power consumption.
Nov 27, 2018
Google hopes to ease the pain of pairing Bluetooth accessories with multiple devices through an update to its Fast Pair specification. Moving forward, Google says Fast Pair will "connect accessories to a user's current and future Android Phones" as long as they are signed into their account and running Android 6 and up.
Sep 25, 2018
AT&T and Harman this week launched the Harman Spark, a module that brings safety and security features to cars. The Spark plugs into a car's OBD II port and connects to AT&T's LTE network.