Sale Rumors Still Swirl Around Pandora

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The streaming company has now hired Centerview Partners to give it advice on how to deal with activist investor Corvex Management, according to Bloomberg. Corvex recently disclosed that if owns a 9.9 percent stake in Pandora and wants the company to explore a sale, calling CEO Tim Westergren’s plan to grow the company “costly and uncertain.” There were reports that Liberty Media made an informal offer of $15 per share to buy the company recently. Westergren has repeatedly said there are no plans to sell the company he founded.

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