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07-22-2016, 01:51 AM
Here's why Pandora is up for sale — and why it hasn't sold yet
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Pandora Radio reportedly rejected an acquisition offer (http://www.wsj.com/articles/liberty-media-ceo-greg-maffei-floated-roughly-15-a-share-offer-for-pandora-media-1469117183) Thursday that valued the music streaming company at $3.4 billion dollars.*
Pandora thinks it's worth more than that —*$20 a share, where it hovered earlier this year, rather than the $15 a share that determined a $3.4 billion value.*
But it's still seeking a buyer.*
News first broke that the music service was up for sale (http://mashable.com/2016/02/11/pandora-becomes-the-latest-streaming-service-to-struggle/) in February, when it hired Morgan Stanley to explore its options.*
SEE ALSO: Pandora brings back its founder in new role as CEO and savior (http://mashable.com/2016/03/28/pandora-founder-ceo/)
Sale rumors have swirled around Pandora ever since, but the company has been unable to find a suitor that it sees eye-to-eye with on price.* Read more... (http://mashable.com/2016/07/21/pandora-sale-liberty-media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tidal (http://mashable.com/category/tidal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Spotify (http://mashable.com/category/spotify/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Streaming Music (http://mashable.com/category/streaming-music/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Pandora (http://mashable.com/category/pandora/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1469137929 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1469137929)
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Pandora Radio reportedly rejected an acquisition offer (http://www.wsj.com/articles/liberty-media-ceo-greg-maffei-floated-roughly-15-a-share-offer-for-pandora-media-1469117183) Thursday that valued the music streaming company at $3.4 billion dollars.*
Pandora thinks it's worth more than that —*$20 a share, where it hovered earlier this year, rather than the $15 a share that determined a $3.4 billion value.*
But it's still seeking a buyer.*
News first broke that the music service was up for sale (http://mashable.com/2016/02/11/pandora-becomes-the-latest-streaming-service-to-struggle/) in February, when it hired Morgan Stanley to explore its options.*
SEE ALSO: Pandora brings back its founder in new role as CEO and savior (http://mashable.com/2016/03/28/pandora-founder-ceo/)
Sale rumors have swirled around Pandora ever since, but the company has been unable to find a suitor that it sees eye-to-eye with on price.* Read more... (http://mashable.com/2016/07/21/pandora-sale-liberty-media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tidal (http://mashable.com/category/tidal/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Spotify (http://mashable.com/category/spotify/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Streaming Music (http://mashable.com/category/streaming-music/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Pandora (http://mashable.com/category/pandora/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1469137929 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1469137929)
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