SiriusXM buys Pandora for $3.5B, Michael Kors buys Versace for $2.4B, and airlines face a 1,200 page change

Summary: What companies didn’t get bought yesterday? The world’s biggest audio entertainment company is about to be created as SiriusXM buys Pandora for $3.5B. Michael Kors followed fashionably by acquiring Italian fashion house Versace for $2.4B. And a new Congressional bill hooks up fliers at the expense of airlines (no more lying about weather cancellations).