Pandora said to be searching for a buyer

By Shawn Knight
Feb 11, 2016
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  1. Pandora's ownership may soon change hands. Sources familiar with the matter tell The New York Times that the Internet radio service has commissioned Morgan Stanley to help it meet with potential buyers.

    Spokespeople for Pandora and Morgan Stanley declined to comment on the matter, the Times said.

    Wedbush Securities analyst Michael Pachter told Reuters that be believes Amazon, Hulu and Yahoo could be among the potential buyers of Pandora. Pachter added that he believes the company is really valuable and doesn't think Pandora will accept a deal if they're offered less than $20 a share.

    Needham & Co analyst Laura Martin said any company that views music as a cornerstone of their strategy should be interested in bidding for Pandora.

    Late last year, the streaming music pioneer spent $450 million in cash and stock to acquire San Francisco-based ticketing agency Ticketfly. A month later, the firm purchased assets from now-defunct rival Rdio for $75 million.

    Given the acquisitions and the fact that Pandora had nearly 80 million active users at the end of September, one would be forgiven to think that Pandora was doing fine. But with increased competition from longtime rival Spotify, newcomer Apple and soon-to-be competitor Amazon, Pandora has been feeling the squeeze. What's more, a December ruling from the Copyright Royalty Board increased the amount of money Pandora has to pay per 100 songs played by its customers.

    Shares in Pandora are up 8.45 percent in after-hours trading as of writing.

    Permalink to story.

  2. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,430   +2,822

    Which is it? Pandora not worth having, or are they asking too much? Usually a sale has already been made before we hear anything about it.
  3. RustyTech

    RustyTech TS Guru Posts: 819   +385

    Interesting, although I'd like to use Pandora, I haven't been able to since they STILL don't support HTML5 and are forcing people to flash. I have uninstalled flash long ago and will not be using it anytime soon. I have been using but last week they got bought out by Google!! Now they're linking everything to Google Play.

    so sad :/
  4. Phr3d

    Phr3d TS Booster Posts: 216   +39

    I -am- surprised that they never did a Port, or what-have-you to Silverlight, but if money is running tight from their new bill-per-hundred, they are probably having trouble finding someone qualified to design a user-friendly interface in HTML5's limited abilities (if Netflix and 'zon are any indication it Must be damned difficult, a situation Lost on the 'make-it-all-HTML5' fans).

    I use Pandora only on my phone & HT, so I've no idea what the interface is based upon in googland or asian-TVs.. (since uBoob required an update that Panasonic was unwilling to pay for on my supposedly smart TV, I'll guess some form of flash there).

    given the subscriber-base, humbly guess that we'll be seeing 'zondora by the end of the year

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