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Rdio Files For Bankruptcy

Rdio has filed for bankruptcy in the US and will shut down its operations.


Pandora is set to buy key assets from streaming service Rdio for $75 million, which include "technology and intellectual property", but not the operations of the business according to an announcement from Pandora.

The Music Network reported this morning a Pandora insider said "As we understand it, that means the Rdio brand will no longer exist."