Pandora loses $100m in value as Sirius XM says buyout ‘not likely’

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Pandora’s share price has dropped by 4% so far today (January 6) after SiriusXM’s financial boss poured cold water on the prospect of a buyout. Market chatter has swirled around a Sirius takeover of Pandora since it emerged in July last year that Sirius majority-owner Liberty Media had offered to buy the streaming music company. Liberty’s spurned offer was reportedly for $15 per share – valuing Pandora at $3.4bn. read more at musicbusinessworldwide.com

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