Pandora pops on Spotify fundraising report. Here's why.

April 13, 2015 3:26 PM

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Spotify is reportedly raising money in a round of financing that would value it at $8.4 billion ... and that is sweet music to shareholders of Pandora. But why?

Shares of Pandora (P), which is often compared to the rival streaming music service Spotify, rose as much as 4% Monday morning following a report in Friday's Wall Street Journal about Spotify's latest cash injection.

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