Pandora Declines Commenting On Sell-off Rumors

By 06:09 Sat, 31 Jul 2021 Comments

Internet radio company Pandora has refused to comment on recent reports that it is looking to acquire acquired. "We won’t comment on rumors," assumed Pandora's CEO Brian McAndrews during the company’s recent earnings call.

"We will say we’re very confident in our ability to drive significant value to our shareholders," he added. "We’re focused on working as an independent company."

The New York Times had recently carried a report that Pandora held internal discussions about a potential sell-off, following which a Reuters report recommended that Yahoo, Hulu, and Amazon could be among the potential buyers.

The rumors came just a few months after it was revealed that Apple Music has significantly dented Pandora's user-base. For those who aren't in the know, the company acquired several of Rdio's key assets after the later filed for bankruptcy last year.

Via | The New York Times | Reuters



Related Article



Please LOGIN or REGISTER To Gain Full Access To This Article