There had been whispers that SiriusXM was a possible buyer of the streaming pure play. However after some comments SiriusXM CFO David Frear made last week to kill those rumors, Pandora’s stock dropped over 5%. Frear said, “With respect to all the chatter about acquisitions, you have to look at them as sort of being not very likely.” Frear was speaking at the Citi Internet, Media & Telecommunications Conference in Las Vegas.
