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Could SiriusXM Still Buy Pandora?
Thursday, November 16, 2017 - 1:07pm | 498Merger chatter around Sirius XM Holdings Inc. (NASDAQ: SIRI) and Pandora Media Inc (NYSE: P) largely fizzled with the latter’s strategic investment. But some on the Street still see the potential for a buyout. The Rating BMO Capital analyst Daniel Salmon upgraded Pandora to Outperform and...
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Pandora Sells Ticketfly For A $250 Million Loss But Shares Still Gain 5%
Friday, June 9, 2017 - 10:48am | 545Shares of Pandora Media Inc (NYSE: P) gained more than 5 percent Friday morning after the company announced two new transactions as part of an ongoing strategic review. Strategic Investment Pandora secured an agreement with Sirius XM Holdings Inc. (NASDAQ: SIRI) in which the satellite radio...
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Report: SiriusXM In Talks To Acquire Pandora
Wednesday, May 17, 2017 - 6:15pm | 269Sirius XM Holdings Inc. (NASDAQ: SIRI) is in talks to acquire Pandora Media Inc (NYSE: P), according to a report from the New York Post. The report comes on the heels of a new $150 million investment by from KKR in Pandora disclosed during the company's Q1 earnings report on May 8....
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Sirius XM Counting Down To Competition From Apple CarPlay And The Android Auto System
Thursday, September 22, 2016 - 1:09pm | 308Sirius XM Holdings Inc. (NASDAQ: SIRI)'s satellite radio is found in 75 percent of all new cars sold today. According to Amy Yong of Macquarie Capital, Sirius' dominance in the car will continue until at least 2020, given its "unique commercial free bundle" that's hard to...
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Deutsche Bank Downgrades Liberty Media From Buy To Hold
Wednesday, June 8, 2016 - 10:58am | 170Deutsche Bank's Bryan Kraft downgraded Liberty Media Group (NASDAQ: LMCA) from Buy to Hold with a price target of $23.00. "The recent re-constructing into three tracking stocks has resulted in a change in our rating to Hold," said the analyst. The company chose to reorganize into three stocks to "...
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Investors Shrug Off Sirius XM In-Line Q4, Impressive Subscriber Adds
Tuesday, February 2, 2016 - 8:41am | 321Shares of Sirius XM Holdings Inc. (NASDAQ: SIRI) were trading lower by 0.5 percent early Tuesday morning after the company reported its fourth quarter results. Sirius XM earned $0.03 per share in the fourth quarter on revenue of $1.2 billion. Wall Street analysts were expecting the company to...
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Pandora IPO Pressures Sirius XM Shares
Wednesday, June 15, 2011 - 10:05am | 84(TheStreet) -- Pandora (NYSE: P) debuts on the New York Stock Exchange Wednesday pressuring Sirius XM (NASDAQ: SIRI) shares. The Internet radio company's initial public offering was priced at $16 a share, significantly more than its indicative range of $10 to $11 a share. The company raised $235...