Is Pandora A Takeover Target?
August 12, 2014 at 5:04 AM (PT)
Webcaster PANDORA saw its stock close up 4.2% to $26.38 on reports that the company could attract buyout interest.
BLOOMBERG reports, "PANDORA could attract interest from companies like AMAZON.COM INC., GOOGLE INC., MICROSOFT CORP., SIRIUS XM HOLDINGS INC. and YAHOO! INC.," based on a story from DEALREPORTER, without saying where it got the information.
PANDORA “does not spend any time wondering if we’re going to be a takeover target” and is focused on building its independent business," CFO MICHAEL HERRING told DEALREPORTER.