Pandora extends pre-closing period in KKR investment, exploring alternatives
Pandora Media Inc. said on Thursday it is extending the pre-closing period before closing its investment deal with private-equity firm KKR. Shares of Pandora rose as much as 2% in premarket trade. The internet music streaming and radio company said it has met all conditions necessary to close its $150 million KKR investment and that both parties are "prepared to close immediately." The extension, however, could mean Pandora is looking to capture a better strategic deal. When Pandora secured the KKR investment in May... Читать дальше...