March 21, 2018 / 1:10 PM / 6 months ago

BRIEF-Pandora To Acquire Digital Audio Ad Tech Firm AdsWizz

March 21 (Reuters) - Pandora Media Inc:

* PANDORA TO ACQUIRE LEADING DIGITAL AUDIO AD TECH FIRM ADSWIZZ

* PANDORA MEDIA INC - ‍AT CLOSING OF TRANSACTION, ADSWIZZ WILL BECOME A SUBSIDIARY OF PANDORA​

* PANDORA MEDIA INC - ‍PANDORA AGREED TO PAY $145 MILLION IN A COMBINATION OF CASH AND STOCK​

* PANDORA MEDIA INC - ‍ACQUISITION DOES NOT CHANGE Q1 2018 GUIDANCE​

* PANDORA MEDIA INC - ‍VAN DE WYER WILL REMAIN CEO OF ADSWIZZ​ POST DEAL

* PANDORA MEDIA INC -UNDER DEAL TERMS, CO WILL PAY MINIMUM OF 50 % IN CASH & REMAINDER TO BE PAID, AT CO'S ELECTION, IN EITHER CASH OR STOCK​ Source text for Eikon: Further company coverage:

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