Pandora Said to Hire Morgan Stanley to Seek Potential Buyers

photo: Bloomberg Business
The company is working with Morgan Stanley to reach out to buyers, said the person, who asked not to be identified discussing a private matter. The talks are preliminary and may not lead to a deal, the person said Thursday before the online-radio provider reported fourth-quarter earnings that missed analysts’ estimates. Pandora and Morgan Stanley declined to comment on a potential sale. – Lucas Shaw, Bloomberg Business
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