Bitcoin sets a new all-time high above $6,000 >>> READ MORE

REPORT: Google May Buy Pandora Rival Songza

Google is reportedly offering $15 million for the music streaming service


Google (GOOG) is reportedly in talks to buy Songza, a rival of streaming music service Pandora (P).

SongzaSongza is a music streaming service that prides itself on creating playlists to fit a number of circumstances including music to boost your energy, office music, barbecuing, dinner parties and more. Google is reportedly offering $15 million for the music curation service, according to a source close to the matter.

Songza has 5.5 million active users which pale in comparison to Pandora’s 77 million users but Google could be the driving force that puts Songza at the top of the music streaming industry. The $15 million offer seems relatively low when you consider that Pandora is valued at around $5 billion.

GOOG stock is up about 0.3% Friday afternoon. P stock is up 1.75%.

More Music Streaming News

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC