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Sirius XM CEO: “We know an awful lot about Pandora”

james e meyer canvas

Sirius XM held its Q2 earnings call last week, and investors pursued two lines of questioning about Pandora. First as a potential acquisition, thanks to a recent revelation that Liberty Media, parent company of Sirius XM, had made an offer to Pandora. Second as a potential threat to Sirius XM's business. CEO james E. Meyer addressed both points. PLUS, more from the call.

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Pandora rebuffed a purchase offer from Sirius XM’s owner

Pandora cube canvas 160w

Just hours ahead of its second-quarter earnings call, we’ve learned that Pandora has reportedly turned down a proposed bid from Liberty Media. The owner of Sirius XM allegedly floated an offer to buy out the online audio company for $15 per share, valuing Pandora at more than $3.4 billion. Sources are saying that Pandora board rejected the informal bid, citing the price as too low.

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