The Cumulus-backed streamer hoping to compete with Pandora and Spotify is going away, its assets being gobbled up by Pandora for $75 million. Back in May, Rdio launched a new subscription service for $3.99 per month which included unlimited access to ad-free streaming with unilmited skips but the service never really caught on with consumers. As a result of the bankruptcy, Cumulus, which was running promotional ads for Rdio, in exchange for a percentage of the company issued the following statement...
