Pandora today announced an agreement to acquire several key assets from Rdio, a pioneer in streaming music technology. This will accelerate the company’s plan to offer fans greater control over the music they love, strengthening Pandora’s position as the definitive source of music. With thanks to some restrictions, Pandora is not available in all parts of the world. “Whether streaming through radio, on-demand or in-person at live events, Pandora is building the definitive source for fans to discover and celebrate music,” said Brian McAndrews, chief executive officer at Pandora. “Wherever and however fans want to hear music, we intend to be their go-to destination.” In
Business consulting firm Infosys is keen on incorporating more automation and possibly AI into its services with acquisition of US startup Panaya.
j2 Global company Ziff Davis has acquired Ookla, which should be in sync with its focus on optimizing rich video content through Speedtest.net data.
$4.6B richer after the Alibaba IPO, Japanese tech and telecoms conglomerate SoftBank is reportedly discussing a potential acquisition of movie studio DreamWorks Animation.
The world’s mobile industry is on the brink of a major shakeup. With European Vodafone Group (LON: VOD) having divested its stake in US carrier Verizon Wireless (NYSE: VZ) , the stage is open for a possible deal with yet another American player, AT&T (NYSE: T). Sources close to both Vodafone and AT&T have said that executives from the two companies are laying the groundwork for a possible acquisition, merger or partnership, which will boost the combined network’s coverage to about 500 million subscribers — second only to China Mobile’s (HKG: 0941) 740 million. In a deal estimated to reach US$175 billion at Vodafone’s current market capitalization, AT&T is