RUMOR MILL
Wednesday, August 25, 2010
Bono Elevates Pandora
BONO ELEVATES PANDORA: Elevation Partners, the private equity investment firm which includes U2’s Bono among its partners, has reportedly signed a letter of intent to acquire a significant share of “a leading online music company,” which sources have identified as Pandora. The Techcrunch website quoted a Pandora representative: “We’re aware Elevation has been interested in buying shares in the company.” Sources say the group's investment could go as high as $100 million. Earlier this week, the online broadcaster added genre-based station creation to its artist-based model, which allows it to operate more like a satellite radio service. (8/25p)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
