The Pandora Media app is seen on an Apple iPhone.
Satellite radio company SiriusXM is acquiring music streaming service Pandora in a $3.5 billion all-stock deal, the companies announced Monday.
Pandora shares rose 14.4 percent in premarket trading from Friday's close of $9.09 a share, while Sirius stock fell 1.4 percent from its previous close of $6.98 a share.
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