Spotify

Spotify wins more fans in stock market debut as shares surge

SAN FRANCISCO/April 3, 2018 (AP)(STL.News) — Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut. After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering … Continue reading Spotify wins more fans in stock market debut as shares surge

Sirius XM buys stake in music streaming site Pandora

NEW YORK (AP)(STL.News) — Pandora is raising cash to help it take on Spotify and other streaming music services. The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity firm KKR for … Continue reading Sirius XM buys stake in music streaming site Pandora