SI
SI
discoversearch

   Technology StocksSirius Satellite Radio (SIRI)


Previous 10 Next 10 
From: Glenn Petersen12/3/2016 10:11:26 AM
1 Recommendation   of 8390
 
Sirius Approaches Pandora’s Board With Takeover Interest

by Alex Sherman
@sherman4949 More stories by Alex Sherman
and Lucas Shaw
@Lucas_Shaw More stories by Lucas Shaw
Bloomberg Technology
December 2, 2016 — 2:42 PM ESTDecember 2, 2016 — 5:44 PM EST

-- Board hasn’t responded to new engagement from Greg Maffei

-- Pandora advisers have begun soliciting interest from buyers



Sirius XM Holdings Inc. Chairman Greg Maffei recently approached Pandora Media Inc.’s board to express renewed interest in a takeover of the Internet radio provider, according to people familiar with the matter, following up on its offer from earlier this year.

Sirius’s latest approach didn’t include a price for Pandora, said one of the people, who asked not to be named because the discussions are private. Sirius offered about $15 per share to acquire Pandora earlier this year, the person said.

Pandora hasn’t yet responded to the Sirius approach, the person said. Still, Pandora’s advisers have begun reaching out to other potential suitors, another person said.

Pandora shares rose earlier Friday after a CNBC report that the company is willing to engage with Sirius. They closed 16 percent higher at $13.33, valuing the company at about $3.1 billion. Sirius fell 5.6 percent to $4.30, giving it a market value of $20.8 billion.

Pandora hasn’t decided if it will restart talks with Sirius, one of the people said.

Representatives for Pandora and for Greg Maffei declined to comment. A Sirius spokesman didn’t immediately respond to a request for comment.

Since Sirius made its first approach, Pandora has taken steps to shake up its business model as it seeks to placate activist investor Corvex Management LP.

The company hired Centerview Partners LLC to advise on strategic options, people familiar with the matter said in July. Centerview’s role could be expanded to run a sale process with Morgan Stanley for Pandora, the people said at the time.

Though Pandora dominates the online radio market it pioneered, the company’s growth has slowed in recent years, at the same time as on-demand services Spotify Ltd. and Apple Music have added millions of users.

Co-founder Tim Westergren, who returned as Pandora’s chief executive officer in March, is trying to almost quadruple sales to $4 billion by 2020 by going into new businesses, such as ticket sales and concert promotion, while converting free users into paying customers.

The company made three acquisitions last year to diversify beyond online radio, including ticket seller Ticketfly, and is about to introduce a new on-demand service similar to Spotify.

bloomberg.com

Share RecommendKeepReplyMark as Last Read


From: Sr K12/7/2016 2:21:01 PM
   of 8390
 
I heard an advertisement yesterday, offering businesses SiriusXM for Business, with no charge for the receiver.

Looking for details.

edit
siriusxm.com

Share RecommendKeepReplyMark as Last Read


From: Sr K1/13/2017 9:25:52 AM
   of 8390
 
1/13/2016
  • NFLX +1.2% (upgraded to Hold at Deutsche Bank)

Share RecommendKeepReplyMark as Last Read


From: Sr K1/25/2017 10:06:20 AM
   of 8390
 
SIRI hit a 52-week high, 4.69.

Share RecommendKeepReplyMark as Last Read


From: Sr K2/6/2017 3:46:32 PM
   of 8390
 
LSXMK hit an all-time high, 36.56

high 36.56
low 36.04
last 36.39
volume 283,814

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: Sr K2/15/2017 10:22:57 AM
   of 8390
 
New multi-year high, 4.89, after report yesterday that

Berkshire Hathaway
also disclosed new stakes in satellite radio company Sirius XM Holdings Inc(SIRI)

Latest 4.87

Share RecommendKeepReplyMark as Last Read


From: Sr K2/22/2017 12:18:23 AM
   of 8390
 
A 52-week high of $5.07 during regular hours, closing +$.10 at $5.04, and an after-hours close at $5.11 +.07 on light volume.

Share RecommendKeepReplyMark as Last Read


From: Sr K3/8/2017 10:03:17 AM
   of 8390
 
for future reference:

from Mar 8, 2017 news release about NASCAR programming

About SiriusXM

Sirius XM Holdings Inc. ( SIRI ) is the world's largest radio company measured by revenue and has approximately 31.3 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has approximately 2.8 million subscribers. SiriusXM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.

Share RecommendKeepReplyMark as Last Read


To: Sr K who wrote (8377)4/21/2017 1:39:26 PM
From: Sr K
   of 8390
 
LSXMK hit an all-time high, 39.925

high 39.925
low 38.90
last 39.91
volume 1,049,336

Share RecommendKeepReplyMark as Last Read


From: JakeStraw4/27/2017 12:15:31 PM
   of 8390
 
SiriusXM acquires connected car company Automatic for over $100M
techcrunch.com

SiriusXM emphasized the opportunity represented in the growing market of driving data, which is a business that automakers and the surrounding industry is increasingly trying to leverage into new revenue opportunities. Automatic has already been forming partnership with insurance providers, for instance, which value the driving data it collects and will offer subsidies to policy holders who use the device. SiriusXM has recently been exploring more of this market, with a new focus on safety products, turn-by-turn navigation and more connected car services.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10 

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.