READ ON: Deadline
Pandora Media shares spiked more than 13% before settling back to an increase of more than 8% this morning after CNBC’s David Faber disclosed that the struggling streaming music company has changed course and is now open to a sale.
Faber stressed that this is still early in the process, with nothing formal to report. The company has a market value of about $3 billion.
The decision could provide an opening for Liberty Media’s SiriusXM. In July the satellite radio company…