Rdio compete with services such as Deezer, MOG, Napster, Rhapsody, and Spotify. On September 27, 2013, Rdio added a music recommendations feature that delivered personalized albums, stations, and playlists. On January 16, 2014 Rdio introduced some free streaming options, supported by audio advertisements. On November 16, 2015, Rdio filed for Chapter 11 bankruptcy, and reached a deal to sell certain assets and intellectual property to a competitor, Pandora, for $75 million, pending approval by the bankruptcy court. As part of this transition, the Rdio service was discontinued effective December 22, 2015, and some employees were transferred to Pandora, which will introduce
Fortune Brands Home & Security the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business. On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy. Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014. On October 18, 2011, it was announced that Pershing Square Capital Management owned a 15% stake in the company, and considered its stock to be a very attractive investment. Fortune Brands Home & Security Fortune Brands Home & Security, Inc. (FBHS) is an American manufacturer of home fixtures and hardware,