Pandora's press release says so http://blog.pandora.com/us/siriusxm-to-acquire-pandora-creating-worlds-largest-audio-entertainment-company/ http://blog.pandora.

Pandora's press release says so http://blog.pandora.com/us/siriusxm-to-acquire-pandora-creating-worlds-largest-audio-entertainment-company/ http://blog.pandora.com/us/siriusxm-to-acquire-pandora-creat... "we announced that we’ve entered into an agreement to be acquired by SiriusXM, in an all-stock transaction, valued at approximately $3.5 billion" They're presumably paying a premium on the current stock price.