Rdio to shut down as Pandora buys "key assets" for $75 million

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The streaming landscape looks set to claim another victim following the acquisition of Rdio by US streaming radio giant, Pandora.

As part of the deal, the Rdio streaming service is filing for bankruptcy and looks likely to shut down in the coming weeks. A Rdio blog post said, "Rdio's service will not be interrupted today. We will have more updates in the coming weeks on what this process means for your Rdio account, but for the time being the service continues unchanged."

Pandora has paid $75 million for "key assets" from Rdio, including "technology and intellectual property", while also offering jobs to some members of Rdio staff. Pandora expects to offer an "expanded Pandora listening experience by late 2016".

Joe Cox
Joe Cox
Content Director

Joe is the Content Director for What Hi-Fi? and Future’s Product Testing, having previously been the Global Editor-in-Chief of What Hi-Fi?. He has worked on What Hi-Fi? across the print magazine and website for almost 20 years, writing news, reviews and features on everything from turntables to TVs, headphones to hi-fi separates. He has covered product launch events across the world, from Apple to Technics, Sony and Samsung; reported from CES, the Bristol Show, and Munich High End for many years; and written for sites such as the BBC, Stuff and The Guardian. In his spare time, he enjoys expanding his vinyl collection and cycling (not at the same time).