When One Pandora Closes: SiriusXM Holdings, Inc. closed on its purchase of Pandora Media, Inc. Outstanding shares of Pandora not already owned by SiriusXM, totaling approximately $3.5 billion in stock, will be exchanged for a fixed ratio of 1.44 new SiriusXM shares for each Pandora share. "With SiriusXM's subscription-based national service of curated and exclusive content and programming, and Pandora, the largest U.S. streaming music provider with its highly personalized free ad-supported service, under one roof, SiriusXM now reaches more than 100 million people across its audio products," says SiriusXM CEO Jim Meyer. "That is a powerful platform for consumers, content creators and advertisers."