Sirius XM Holdings Inc. negotiates to acquire Pandora Media Inc.
  • Finance

    Sirius XM Holdings Inc. negotiates to acquire Pandora Media Inc.

    Benzinga reported that Sirius XM Holdings Inc. is negotiating to buy Pandora Media Inc. While the sum of the deal has not been disclosed, Pandora could fetch $12 to $13 per share. The news comes after KKR invested $150 million in Pandora, which was revealed during the company’s first-quarter earnings report that came out on May 8. In after-hours trading, Pandora’s shares were up 10% to $9.83.

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