THE FUTURE OF PANDORA

Pandora’s stock price declined to $8.48 as Thursday’s deadline approaches for the online music streaming service to accept or decline a $150m investment from private equity firm KKR.

Pandora's closing price today was $8.48 a share; the stock slid 7.7% Tuesday. After reports that Verizon, which is busy gobbling up Yahoo, may be interested in investing in Pandora, the stock rose Monday to $9.36.

KKR is set to invest $150m in Pandora, plus provide another $100m in return for a board seat at the company and preferred shares. Pandora has a $2.25b market cap.

Liberty Media, which has a majority stake in Sirius XM, is also considered a potential suitor.

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/3a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now A POST-WALLEN AFFAIR A dynamic duo, y'all (5/3a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

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THE FUTURE OF PANDORA

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