That was fast: just as soon as it was reported that Pandora was in talks to buy Rdio, the two sides have confirmed that an acquisition is indeed taking place. Pandora has acquired “key assets” from Rdio for $75 million in cash, the company has just announced. But as part of it, the Rdio service as we know it is tanking: the streaming service is filing for bankruptcy.… Read More

Source: Tech Crunch