Pandora to Buy Rdio for $75M | Crunch Report

Uber prepares for driverless cars, Tom Cook throws
shade at SurfaceBook, Pandora to buy Rdio assets and more… It’s Monday, November 16th and this is Crunch
Report. I’m Katie Roof in for Sarah Lane. It’s a big
day for Internet radio. Pandora and Rdio are combining forces. Pandora says it has agreed
to pay $75 million in cash for Rdio’s key assets, while the rest of Rdio is filing for
chapter 11 bankruptcy and shutting down. Eek. Pandora says it plans to
buy much of Rdio’s technology and intellectual property. It will also be employing some of
Rdio’s team. The $75 million price tag will raise some eyebrows. Rdio previously raised
over $125 million in venture capital. Yeesh. No word on what Pandora plans to do with Rdio’s
assets, but the company says it plans to launch an expanded listening service in 2016. A world of driverless cars is just a few years
away and Uber has been vocal about embracing them. No more drivers on the payroll. But
are the drivers just going to be left out in the cold? Don’t fret, says CEO Travis Kalanick.
The founder told a techie audience at Summit at Sea that vocational training, education
and transition periods are all resources that could be put into effect to help those drivers
hit the ground running with new occupations. In other Uber news, the company has now made
it so that drivers can enter where they were already planning on driving to and the app
will connect them with riders who happen to be going the same way. Headed to San Diego?
No problem. Hitch a ride, folks. Apple CEO Tim Cook threw some shade at Microsoft’s
SurfaceBook — the tablet/laptop hybrid. “We feel strongly that customers are not really looking for a converged Mac and iPad,” he told the Irish Independent. “we want to make
the best tablet in the world and the best Mac in the world. And putting those two together
would not achieve either. You’d begin to compromise in different ways.” Ouch. Guess Apple fans will have to carry around either an iPad or a Macbook or both for the foreseeable future. Now Friday’s tragic events in Paris were simply
heartbreaking. But several tech companies did what they could to help. Facebook rolled
out a feature which let users mark friends as safe, making it so you didn’t have to wonder
if your Paris connections were OK. Google offered free calls to Paris via its hangouts
service, as did Skype. And Airbnb contacted all hosts in Paris to see if they could take
in those stranded in the city. Uber also turned off surge pricing, despite some initial reports that indicated otherwise. While we can only hope there won’t be a similar situation soon, Facebook voiced commitment to rolling out its safety checks for other
global disasters. J’adore Paris. Not a fan of twitter hearts? No problem. The
social media service, which recently replaced its “favorite” stars with hearts, appears
to be testing out a range of emojis. From a surprised face to a party horn, select twitter
users have been given multiple emojis to show that precise emotion you’re feeling when responding
to tweets. Because really… we don’t heart everything. When asked for comment, Twitter
responded with the emoji of a monkey covering its mouth That’s the report for today. I’m Katie
Roof, in for Sarah Lane. Crunch Report airs every weekday at 7 pm Eastern,
4 pm Pacific, on You can also find us on iTunes, and on YouTube. See you

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20 thoughts on “Pandora to Buy Rdio for $75M | Crunch Report

  1. Cook is wrong I'm sure others that do creative work wanted something like the surface line most were thinking the iPad Pro was going to run OS X

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