The on-again-off-again love affair appears to be on again, according to a report in The New York Post, which is reporting that a possible deal could have the pure-play streamer selling to the Liberty Media-backed SiriusXM for $12-$13 dollars per share. The Post reports that price was shot down quickly. Liberty’s CEO has said he believes Pandora is worth $10 per share. On Wednesday, Pandora closed under $9.00 per share.
Pandora lost $132 million in the first quarter of this year and announced that, before it would take a $150 million investment from KKR, it would be “looking at all opportunities and to set a course for the future.” Activist investors Matrix and Corvex are pushing the company to sell.
