Contact Us

Eventbrite buys Ticketfly from Pandora

Eventbrite

As rumored they might, Pandora has sold Ticketfly which they bought in 2015, but which ended up being a distraction to their core business. The new buyer is somebody much more invested in the ticket business, fellow ticket company Eventbrite. Marketwatch reports:

Pandora Media Inc. P, +6.30% announced Friday a $200 million deal to sell its Ticketfly business to Eventbrite, which includes $150 million in cash and a $50 million note payable to Pandora.

The deal was simultaneously announced along with the news that Sirius XM is making a $480 million investment in Pandora, through the purchase of Series A preferred stock.

A Sirius XM deal has been rumored for a while, and had it gone through with Ticketfly still included, that would have made Ticketfly and Ticketmaster cousins.

As Ticketfly’s About Us page says, Ticketfly was founded in 2008 by Andrew Dreskin, the co-founder and CEO of TicketWeb, the first company to sell tickets online in 1995, and Dan Teree, the former president of TicketWeb.

Ticketmaster bought Ticketweb at some point, and now both of them are part of Live Nation.

Liberty Media own Sirius XM, and approximately 34% of Live Nation.

Check It Out

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://www.brooklynvegan.com using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for BrooklynVegan quickly by connecting your Facebook account. It's just as secure and no password to remember!