Pandora (P) Is Now Open To A Takeover By This Suitor
Author By Sophia VidaPosted on SiriusXM was a one-time suitor interested in acquiring Pandora, the music streaming service. It looks like Pandora may be ready to sell now. According to sources familiar with the situation, who told CNBC, SiriusXM is expected to pursue a deal.
One source said the cmpany is in “the first inning of the process,” and that there is no guarantee that Pandora will reach a deal with SiriusXM or other potentially-interested parties.
Shares of Pandora soared 16% after the rumor broke out.
Pandora declined to comment, citing a policy against commenting on speculation.
Disclaimer: We have no position in Pandora Media Inc. (NYSE: P) and have not been compensated for this article.
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