Pandora looking for a buyer

Pandora has the largest number of users for music streaming, but the competition is encroaching. Spotify is said to be arming itself with another $500 million in capital, and Apple Music recently surpassed 10 million paying users. Pandora’s users peaked at 81.5 million at the end of 2014, declining to 78.1 million in the third quarter.

Pandora has the best algorithmic stations around. I’m surprised they’re shopping themselves around after taking over the Rdio assets last year, but I guess we’ll see what happens.