LSXMB - Shareholders Of Pandora Approve Sirius XM Takeover - Next Steps For Investors
These are likely very happy days for shareholders of Pandora (P). The company announced Tuesday that its shareholders overwhelmingly approved a buyout of the company by Sirius XM (SIRI). These are also likely happy days for Sirius XM shareholders as well as shareholders in Liberty Sirius XM (LSXMA) (LSXMB), as the acquisition of Pandora brings this massive media melting pot much closer to being an even bigger powerhouse.
When the deal closes, several Pandora executives will exit the company. Roger Lynch, Chief Executive Officer of Pandora, will