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Fly News Breaks for October 8, 2015
P
Oct 8, 2015 | 07:25 EDT
After Pandora agreed to buy Ticketfly, a ticket agency focused on middle-market concerts, for $450M, RBC Capital says it sees "strategic merit in the deal, partly because it will diversify PAndora's revenue stream and helps artists. However, the firm adds that it expects the deal to be "slightly dilutive in the near-term." RBC keeps a $24 price target and Outperform rating on Pandora.
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