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Bloomberg updates on the development, suggesting Sirius XM Holdings chairman Greg Maffei had expressed new takeover interest for Pandora. Neither a price or a response by Pandora to the approach, however, have been issued.
- Liberty Media (LMCA), Sirius XM Holdings (NASDAQ:SIRI) parent, had prior informally offered $15 per share terms in July.
- Pandora (NYSE:P) closes out the week with 16% gains, Sirius XM Holdings 5.6% losses on the situation.
- Earlier – Pandora +13%; reportedly open to talks with Sirius XM involving sale