When it comes to music streaming, there are quite a few options out there, although admittedly it is quite hard to not think of only a handful, such as Spotify, Apple Music, and maybe even Tidal. As you might have heard, Pandora recently threw their hat into the ring with Pandora Premium, and now it seems that the company thinks they’re in a good position to sell themselves.According to a report from CNBC, they have heard from sources familiar with the matter that Pandora is reportedly looking to sell themselves to the highest bidder in the next 30 days. The company has recently gotten an investment from investment firm KKR for $150 million which is expected to close in the next 30 days, but in the meantime it seems that the company believes that they’ll be able to find a buyer by then.
In a statement made by outgoing Pandora board member James M. P. Feuille, “Having secured a significant financial commitment from KKR to strengthen the Company’s balance sheet, we have positioned the Company to evaluate any potential strategic alternatives, including a sale, in the 30 days before the financing is set to close.”
This isn’t the first time we’ve heard about Pandora looking to sell themselves off, but whether or not it will go through in the next 30 days remains to be seen. It is unclear as to who might be a potential buyer, but we’ll keep our eyes peeled.
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