Acquired by Pandora
Details
Industries Digital EntertainmentMedia and EntertainmentMusicHeadquarters Regions San Francisco Bay Area, West Coast, Western US Closed Date Dec 22, 2015 Founded Date Aug 1, 2008 Founders Carter Adamson, Janus Friis, Niklas Zennström Operating Status Closed Last Funding Type Private Equity Legal Name Pandora Media, Inc. Related Hubs Rdio Alumni Founded Companies
Company Type For Profit
Contact Email info@rdio.com Phone Number (415) 763-7211
Rdio is the groundbreaking digital music service that has reinvented the way people discover, play, and share music. With on-demand access to over 12 million songs, Rdio connects people with music and makes it easy to search for and instantly play any song, album, artist or playlist without ever hearing a single ad. Discover what friends, people
with similar tastes, recording artists and more are listening to in real-time and share across Twitter and Facebook. Build a digital music collection that's available everywhere - on the web, in-home or in-car, on an iPad or smartphone, and even offline.
Rdio's library includes content from major record labels, as well as Merlin, INgrooves, The Orchard, CD Baby, TuneCore, and Believe, in addition to independent labels and distributors across the world.
Launched in August 2010, Rdio is headquartered in San Francisco and was founded by Janus Friis, one of the creators of Skype. Currently available in 51 countries, Rdio is funded by Atomico, Janus Friis through his investment entities, Skype and Mangrove Capital Partners.
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M&A Details
Transaction Name Rdio acquired by PandoraAcquired by PandoraAnnounced Date Nov 16, 2015 Price $75M