Here's why
Pandora is up for
sale — and why it
hasn't sold yet
Pandora Radio
reportedly rejected an acquisition offer 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 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
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...
More about
Tidal,
Spotify,
Streaming Music,
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