Pandora acquires ‘key assets’ from Rdio, will launch on-demand streaming in 2016

The streaming music industry is about to lose a player and gain a platform. On Monday, Pandora announced plans to acquire “key assets” from on-demand streaming service Rdio, which is seeking bankruptcy protection and will wind down its current business. The deal, for $75 million in cash, covers Rdio’s technology and intellecutal property, and Pandora