Sirius Investors Revolt Following Pandora Play

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Investor sentiment was largely positive in response to Sirius XM‘s pre-market opening announcement that it was purchasing Pandora Media one year after making a sizable investment in the streaming audio company.


For shareholders, the mood was largely negative: SiriusXM shares slid by more than 10% in Monday’s trading on incredibly high volume of more than 111 million shares.

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