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# Did Pandora Pay Too Much? Shares Fall After $450M Ticketfly Acquisition
- URL: https://www.hypebot.com/did-pandora-pay-too-much-shares-fall-after-450m-ticketfly-acquisition/
- Published: 2015-10-08T08:56:27.000Z
- Updated: 2015-10-08T08:56:27.000Z
- Description: Shares of Pandora [P] fell as much as 7% yesterday on news that the music streamer had acquired indie ticketer Ticketfly for $450 million. While the deal could lead to. Continue reading [https://www.hypebot.com/hypebot/2015/10/did-pandora-pay-too-much-shares-fall-after-450m-ticketfly-acquisition.ht
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Music Tech, Streaming, Atmel, Dialog Semiconductor, Internet radio, music industry, National Association of Realtors, New York City, Pandora Radio, The Home Depot, Wall Street, Weatherford International, #wp, #wp-post, #Import 2026-01-21 10:28

[![Pandora-logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb087e9840970d-150wi "Pandora-logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb087e9840970d-popup?ref=hypebot.com)Shares of **Pandora** \[P\] **fell as much as 7% yesterday** on news that the music streamer had **acquired indie ticketer Ticketfly for $450 million**. While the deal could lead to new opportunities for artists, **Wall Street was skeptical.**

At $450 million, Pandora paid 8 times annual revenue for $55 million, according to reports. That's a hefty price to pay for a company that's portfolio of tickets is dwarfed by rival Ticketmaster.

[![Pandora](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb087e9874970d-300wi "Pandora")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb087e9874970d-popup?ref=hypebot.com)

But for Pandora the deal means diversification, a new revenue stream and a chance to use the deep data the companies have gathered to both fuel their own revenue and to add opportunities for artists.

Over all, NASDAQ was up 100 points yesterday and Pandora's tock recovered slightly closing down 4.6% at the end of trading Wednesday.

**MORE: [Pandora Acquires Ticketfly For $450 Million](https://www.hypebot.com/pandora-acquires-ticketfly-for-450-million-nysep/)**

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