Pandora Set to Acquire VC-backed Ticketfly for $450M
October 08, 2015
Pandora (NYSE: P) has entered into an agreement to acquire event management software provider Ticketfly for $450 million in a near equal balance of cash and stock. Serving roughly 1,200 venues and event promoters across North America, Ticketfly had raised about $85 million in VC funding since its 2008 founding from investors such as Contour Venture Partners, Mohr Davidow Ventures and Sapphire Ventures. The company secured a $50 million Series D round just three months ago at a $261 million valuation. Moving forward, Ticketfly will continue to support its clients.