Pandora Said to Explore Sale; Shares Fall as Losses Pile UpBy
Online radio provider's talks are said to be preliminary
Company contending with competition, fees from record labels
Pandora Media Inc., the largest Internet radio service, is exploring a possible sale, according to a person familiar with the matter. The shares fell close to an all-time low as some analysts lowered their price targets amid mounting losses and competition from Spotify Ltd. and Apple Inc.
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