Pandora shares soar after report that the company is open to a sale

Shares of Pandora Media jumped 12% Friday after a CNBC report that the company was open to selling itself. Citing people familiar with the matter, the CNBC report said that Pandora was willing to talk with SiriusXM, which has tried to buy Pandora in the past. A Pandora spokesperson said the company does not “comment on rumors or speculation.” Shares of Pandora have gained 23% in the past month, compared to the S&P 500’s gain of 4.5%.

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From:: Stock Market News

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