Tuesday, May 17, 2016

Is Pandora in Trouble?

Let's put it this way, one of Pandora's biggest investors wants out. From this morning's Radio Ink...

Hedge fund Corvex Management, which is run by Keith Meister, a protégé of billionaire activist investor Carl Icahn, disclosed it owns 9.9 percent of Pandora’s stock (22.7 million shares) and is pushing the online streamer to explore a sale instead of pursuing a “costly and uncertain business plan.”