Friday, February 12, 2016

Pandora Said to Hire Morgan Stanley to Seek Potential Buyers


The company is working with Morgan Stanley to reach out to buyers, said the person, who asked not to be identified discussing a private matter. The talks are preliminary and may not lead to a deal, the person said Thursday before the online-radio provider reported fourth-quarter earnings that missed analysts’ estimates. Pandora and Morgan Stanley declined to comment on a potential sale. - Lucas Shaw, Bloomberg Business [via/web:http://streaming-tv.us]

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