Streaming media deal time.

While Spotify buys, Pandora sells: Reports are circulating that Spotify is in talks to buy podcast aggregator Gimlet Media for a little more than $200 million. Peter Kafka at Recode broke the story, and he says that the deal is nearing completion—the first such acquisition by the streaming company. Meanwhile, Sirius XM has completed its purchase of Pandora in a $3.5 billion stock swap.