Rdio was once valued at $500 million & Pandora’s still overpaying at $75 million. 

With the news of Rdio’s bankruptcy filing and of Pandora’s intent to purchase assets for $75 million, let’s not forget that Rdio had raised $125 million in investment capitol.

Take a look here to see which investors took the largest haircut:

And for a deeper reading, let’s go back to 2014 when Billboard reported that Rdio took on $108 million:

So what’s this spell for the future? You’re guess is as good as mine but who doesn’t love throwing good money after bad when it comes to music? Too bad because Rdio had a wonderful UI and some of the best marketing and ad spots of the bunch.

 

 

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About the author

Mike Dias is a Sales Director for Logitech. He specializes in consumer electronics & pro audio with an expertise in headphones & portable audio. He has over 15 years of experience selling custom handcrafted in-ear monitors.

View all articles by Mike Dias