trending Market Intelligence /marketintelligence/en/news-insights/trending/3au88pkK3sYREmOcdhXctw2 content esgSubNav
In This List

Report: Pandora hires advisory firm to explore strategic options

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Report: Pandora hires advisory firm to explore strategic options

Pandora MediaInc. is seeking the advice of Centerview Partners LLC on strategicoptions that it could pursue, Bloomberg News reported July 25, citing sourceswith knowledge of the details.

The advisory firm is helping Pandora discuss its futureplans with activist investor Corvex Management LP and could further helpinitiate a sales process for the company, one of the sources reportedly said.

The talks, however, are at an initial stage and may notmaterialize into a deal, the sources added.

In May, Corvex and related entities Pandora to consider putting thecompany up for sale instead of "pursuing a costly and uncertain businessplan." The hedge fund also suggested the hiring of an independentinvestment bank to explore strategic options, including a sale.