Pandora To Buy 'Several Key Aspects' of Rdio for $75 Million

Pandora agreed to buy "several key aspects" of streaming music technology provider Rdio for $75 million cash, Pandora said in a news release Monday. The company will acquire certain technology and intellectual property from Rdio and will offer "many" Rdio employees roles with Pandora, the release said. After regulatory approval of the transaction, Rdio will begin "winding down" its branded services, Pandora said.