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General

Pandora considers sale as it prepares for new board members

Tuesday 9 May 2017 | 09:28 CET | News
Digital music service Pandora has received a USD 150 million cash injection from investor KKR. As a result, Richard Sarnoff, KKR head of Media & Communications Private Equity investing in the Americas, will join Pandora's board of directors. Having secured the financial commitment, Pandora said it will be evaluating all sorts of potential strategic alternatives, including a sale, before the financing closes. Centerview Partners and Morgan Stanley will continue to advise the board of directors regarding its ongoing review of strategic alternatives.

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Categories: General
Companies: Morgan Stanley / Pandora
Countries: World
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