Pandora Shares Surge on Deal Speculation
Pandora shares are surging on a CNBC report that the music streaming company is open to being sold.
Pandora (P) shares are surging on a CNBC report that the music streaming company is open to being sold. The report says the company may be willing to speak to SiriusXM, which has been interested in a deal. The sources told CNBC that SiriusXM is set to move forward with an acquisition. A Reuters report cited a source saying Pandora isn't pulling any strings to prompt an acquisition. Shares of Pandora rose over 7% on Friday. TheStreet's Scott Gamm reports from Wall Street.
