Deals
Sirius Approaches Pandora’s Board With Takeover Interest
- Board hasn’t responded to new engagement from Greg Maffei
- Pandora advisers have begun soliciting interest from buyers
Sirius Said to Approach Pandora With Takeover Interest
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Sirius XM Holdings Inc. Chairman Greg Maffei recently approached Pandora Media Inc.’s board to express renewed interest in a takeover of the Internet radio provider, according to people familiar with the matter, following up on its offer from earlier this year.
Sirius’s latest approach didn’t include a price for Pandora, said one of the people, who asked not to be named because the discussions are private. Sirius offered about $15 per share to acquire Pandora earlier this year, the person said.