4.6 • 854 Ratings
🗓️ 28 September 2018
⏱️ 22 minutes
🧾️ Download transcript
Tech: Sirius and Pandora Finally Get Together
After years of will-they/won't-they, the two media companies have finally decided to make a deal. What does the acquisition look like, and why is Sirius interesting in the struggling online radio company? We tackle that, and the recent departures of Instagram's co-founders from Facebook.
Stocks: P, SIRI, AAPL, SPOT, FB
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0:00.0 | Thanks to Harries for supporting industry focus. |
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0:09.0 | You can claim yours by going to Har's.com slash fool. Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
0:19.0 | It is Friday, September 28th, and we're talking about the marriage of two tech companies and a very public separation. |
0:26.0 | I'm your host, Dool Lewis, and I'm joined on Skype by senior tech specialist, Evan New. |
0:30.0 | Evan, what did you think of that intro? Little drama, little intrigue? |
0:33.4 | Yeah, a little, I like the marriage and the separation play. Yeah, you know, I try to be a little |
0:39.4 | quipy here. So today we're going to be talking about the recently announced Serious |
0:44.5 | XM Pandora deal and the departure of Instagram co-founders from Facebook. Why don't |
0:50.1 | we start out with the happy news when we talk about the matchmaker deal that happened? |
0:55.7 | At announcement, Sirius said that it would be acquiring Pandora in an all-stock deal, which would value |
1:00.6 | Pandora at around $.5 billion dollars. |
1:03.4 | And I think that this is something we can file into the They Finally Did It category, Evan. |
1:09.6 | Yeah, I think people have been speculating about this for a while and I mean Serious took a, I think it was a 15 or 20 percent stick in Pandora I believe last year |
1:17.1 | so these two companies already have a relationship in the best relationship and their |
1:20.9 | partner and you know see I don't think this really caught too many people |
1:23.6 | by surprise. Yeah it was like those two friends that will they won't they they finally do |
1:28.2 | at the end of the sitcom special I think everyone's kind of happy about this on |
1:31.9 | their end. |
1:33.6 | The original deal terms had roughly a 14% premium. |
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