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Opinion
Tara Lachapelle

Pandora Has to Face the Music

A deal with John Malone-backed Sirius makes the most sense, even if the price seems low.

Oh, how Greg Maffei taunts Pandora Media Inc.: We'd buy the company -- I mean, not at this price -- but we'd buy it, wink.

That sums up his latest public stance on the online radio company. And so Pandora's stock is stuck in a pinball machine, with intermittent takeover speculation the only thing keeping some shareholders from calling "game over."