Pandora’s stockholders have just approved SiriusXM’s $3.5 billion acquisition of the digital music company, which now involves the exit of Pandora CEO Roger Lynch and the installation of SiriusXM CEO Jim Meyer in his place.
Following a special stockholder meeting on Tuesday in which 97 percent of votes cast were in favor of the transaction, Pandora announced via press release that Lynch — who has run Pandora since September 2017, taking it from dire straits to a profitable audio and advertising enterprise — will step down from the company once the deal officially goes through.
Following a special stockholder meeting on Tuesday in which 97 percent of votes cast were in favor of the transaction, Pandora announced via press release that Lynch — who has run Pandora since September 2017, taking it from dire straits to a profitable audio and advertising enterprise — will step down from the company once the deal officially goes through.
- 1/30/2019
- by Amy X. Wang
- Rollingstone.com
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