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The all-stock deal, valued at $3 billion, would create a company with a market value rivaling Spotify
From the invention of the phonograph in 1877 to the boom in streaming services today, the music industry has had to constantly adapt to emerging technology. In this video, we explore whether music can continue to reinvent itself to survive. Photo: Liliana Llamas/WSJ
Sirius XM Holdings Inc. agreed to buy online-music firm Pandora Media Inc. for $3 billion, as the satellite-radio company looks to add streaming services in the increasingly competitive fight for listeners.
The all-stock deal would create an audio-entertainment company with a market value of around $30 billion, rivaling music-streaming market leader Spotify Technology SA.