Quantcast
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.

ANOTHER BILLIE BANGER? (UPDATE)
Are you free Wednesday afternoon? (11/12a)
BIEBER BY CHRISTMAS?
How's that for a tease, Bieber Nation? (11/12a)
NEAR TRUTHS: MEET
THE NEW BOSSES
Not the same as the old bosses (11/12a)
CMA CENTERPIECE
CARRIE UNDERWOOD
This sure feels like her moment. (11/12a)
WHO'S GETTING ZERVAS?
It's down to two bidders. (11/12a)
THE GRAMMY NOMINATIONS
They'll soon be here, and then we can start obsessing about who'll win.
U.K. SPECIAL
Forget Brexit--it's our yearly survey of doings in Blighty. And if you still can't forget Brexit, try drinking.
ZERVAS STATION
Who's going to land the hottest unsigned property in music?
WEED!
That's what Hollywood smells like. Seriously. 24/7.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)