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Pandora Media Inc (P)

P on New York Consolidated

8.23USD
20 Sep 2017
Change (% chg)

$-0.09 (-1.08%)
Prev Close
$8.32
Open
$8.32
Day's High
$8.41
Day's Low
$8.12
Volume
4,652,608
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Latest Key Developments (Source: Significant Developments)

Pandora raises $480 million with new investment from Sirius- CNBC reporter
Friday, 9 Jun 2017 08:00am EDT 

June 9 (Reuters) - :Pandora raises $480 million with new investment from Sirius.also sells ticket fly for $200 million- CNBC reporter.  Full Article

KKR, Pandora agree to brief extension of pre-closing period related to KKR investment
Thursday, 8 Jun 2017 09:11am EDT 

June 8 (Reuters) - Pandora Media Inc ::Statement from Pandora regarding KKR agreement.Pandora Media - KKR, Pandora agreed to brief extension of pre-closing period related to KKR investment.Pandora Media -if Pandora determines KKR investment continues to be in best interest, KKR investment will close immediately following expiry of extended period.Pandora Media - KKR, co agreed to extension of co's termination right to enable it to explore interest by an investor in making minority investment in co.  Full Article

Pandora is confident of deal within 30 days- CNBC, citing sources
Tuesday, 9 May 2017 11:48am EDT 

May 9 (Reuters) - :Pandora is confident of deal within 30 days- CNBC, citing sources.  Full Article

Pandora announces new governance measures and confirms ongoing strategic review
Monday, 8 May 2017 04:59pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora announces new governance measures and confirms ongoing strategic review.Says James M. P. Feuille and Peter Gotcher will resign from board of directors.At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board and provide for annual election of directors in future..At 2017 annual meeting of stockholders, board will recommend that stockholders approve resolution to declassify board.Pandora Media - board is forming independent committee, to be chaired by Timothy Leiweke, independent director, to identify and appoint new directors.Pandora media inc says Centerview Partners Llc and Morgan Stanley will continue to advise board regarding ongoing review of strategic alternatives.Pandora Media - "positioned company to evaluate any potential strategic alternatives, including a sale, in 30 days before financing is set to close".  Full Article

Pandora announces $150 million investment by KKR
Monday, 8 May 2017 04:57pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora announces $150 million investment by kkr.KKR's Richard Sarnoff to join Pandora board.Pandora media inc- offering may be upsized to a total of $250 million should company determine to issue additional shares.Pandora Media - under terms of investment, KKR will purchase an aggregate of $150 million in a new designated series a convertible preferred stock of co.Pandora Media - the series a preferred stock is convertible into common stock, cash or a combination thereof at a conversion price of $13.50 per share.Investment is being made by KKR through its sponsored investment funds.  Full Article

Pandora sees Q2 2017 revenue $360 million to $375 million
Monday, 8 May 2017 04:54pm EDT 

May 8 (Reuters) - Pandora Media Inc ::Pandora reports Q1 2017 financial results.Sees Q2 2017 revenue $360 million to $375 million.Sees FY 2017 revenue $1.5 billion to $1.65 billion.Q1 revenue $316 million versus I/B/E/S view $318.2 million.Total subscribers increased to 4.71 million in q1 2017 from 3.93 million in Q1 2016.Q1 2017 ad RPMs were $50.87, growing 12% year-over-year.Qtrly loss per share $0.56.Fy2017 revenue view $1.62 billion -- Thomson Reuters I/B/E/S.Pandora Media- see strong tailwinds as advertising technology investments co is making in h1 2017 come online in seasonally strong second half of year.Q2 revenue view $390.8 million -- Thomson Reuters I/B/E/S.Q1 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.  Full Article

Pandora Media launches premium subscription tier
Monday, 13 Mar 2017 09:00am EDT 

Pandora Media Inc : Pandora Media Inc says launches premium subscription tier .Pandora Media Inc says Pandora Premium is being launched for $9.99 a month.  Full Article

Pandora shares falls as much as 8 pct after Liberty Media CEO reportedly says Pandora's valuation doesn't make sense- CNBC
Tuesday, 28 Feb 2017 12:03pm EST 

: Pandora falls as much as 8 pct after Liberty Media CEO reportedly says Pandora's valuation doesn't make sense but it's interesting at right price- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media estimates to incur about $5 mln-$7 mln employee severance expense
Thursday, 12 Jan 2017 05:19pm EST 

Pandora Media Inc : Pandora Media - Estimates to incur about $5 million to $7 million of cash expenditures, substantially all of which are related to employee severance and benefits costs . Pandora Media Inc- Total reduction in force costs are estimated at $4.0 million to $6.0 million- SEC filing . Pandora Media Inc - Expects to recognize most of the pre-tax reduction in force charges in Q1 of 2017 - SEC filing Source: (http://bit.ly/2ipx3hr) Further company coverage: [P.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pandora Media exploring interests of suitors beyond SiriusXM - CNBC, citing sources
Wednesday, 7 Dec 2016 09:00am EST 

: Pandora exploring interests of suitors beyond SiriusXM - CNBC, citing sources Further company coverage: [P.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Pandora launches Video Plus for all advertisers

* Pandora Media Inc - ‍Video Plus ad product enables brands to pay only when users watch 15 seconds of a video ad​ Source text for Eikon: Further company coverage: