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SiriusXM talks to buy Pandora back on

June 8, 2017

By Chris Forrester

It is far from the first such report that pay-radio operator SiriusXM is interested in investing in streaming music service Pandora, but this time Reuters is reporting that the previous reports were correct, although now SiriusXM is attempting a variation on the acquisition plan.

Liberty Media owns SiriusXM and the news organisation is saying that this time the negotiations involve SiriusXM making a private investment in Pandora.  Earlier discussions for a full acquisition were not successful.

Last month private equity firm KKR agreed to invest $150 million in Pandora but gave the music streamer 30 days to find another investor.

That deadline expires today June 8th, although Reuters stresses that the deal is by no means certain.

Categories: Articles, Business, Digital Radio, M&A