- Reuters•19 minutes ago
Satellite radio company Sirius XM Holdings Inc's Chairman Greg Maffei recently made a fresh approach to internet radio provider Pandora Media Inc and expressed interest about a potential takeover, according to a source familiar with the matter. Sirius XM did not offer a specific price and Pandora has yet to respond to the overture, the source added. Representatives and Sirius XM declined to comment.
- American City Business Journals•2 hours ago
Oakland-based Internet-radio company Pandora (NYSE: P) saw its shares soar up to 16 percent on Friday on news that the company is now open to selling itself. CNBC reports that sources closed to Pandora say it is now "open to engaging in talks with longtime suitor SiriusXM," a remarkable about face for a company that reportedly rejected a deal with SiriusXM's parent company as recently as last July. "The CEO of Liberty Media, which controls Sirius XM, reportedly made an informal offer to buy Pandora earlier this year for $15 per share (Pandora is currently trading at around $13 per share)," Business Insider reports.
P : Summary for Pandora Media, Inc. Common Stoc - Yahoo Finance
Pandora Media, Inc. (P)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||13.08 x 100|
|Ask||13.25 x 2000|
|Day's Range||11.49 - 13.57|
|52 Week Range||7.10 - 16.23|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-11.13|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|