Another music streaming service bites the dust
The assets of Rdio — a subscription streaming music service that competed with the likes of Spotify and Apple Music — were acquired by Pandora for $75 million in cash
This isn’t a happy ending for Rdio. In fact, the $75 million transaction is “contingent upon Rdio seeking protection.” Rdio will wind down the Rdio-branded service in all markets
Whatever Pandora decides to do with the Rdio assets — Rdio as a brand and as a standalone service is dead.
Created by the two guys who founded Skype and Kazaa, Rdio had a lot going for it in its early days. It had a web, desktop and mobile option, was attractive and had a big library. Read more…
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