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Apple Is Starting An M&A War In Online Radio


Apple's interest in Tidal could spark an M&A war among internet companies as they expand their ecosystems.

Sirius and Pandora are attractive takeout targets thanks to their large paying subscriber bases and proven track records in radio and audio entertainment.

I would be a long-term holder in both Sirius and Pandora.

Apple's (NASDAQ:AAPL) interest in Tidal is a positive for the radio operators such as Pandora (NYSE:P) and Sirius XM (NASDAQ:SIRI) because it highlights their strategic value for large internet companies looking to build their content library and pull users deeper into their ecosystems. Although radio is not as sexy as it used to be, there are still more than...