The Pandora Shake Up: Sirius is in. KKR’s out. So where’s that leave Tim?

It’s not easy to negotiate when you’re publicly hemorrhaging, when your stock is devaluing, and you’re up against fiscal deadlines. Nor is it easy to maneuver when you boldly passed a $15 per share bid less than a year ago. So in terms of jockeying for position, Sirius Chairman Greg Maffei is holding most of the cards and Tim…well, he’s holding something. But who knows – look at the bright side. Think of all the money Tim saved SiriusXM shareholders. Maybe that will buy him some time…

Read SiriusXM’s public announcement on their $480 million strategic investment in Pandora.

 

 

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About the author

Mike Dias is a Sales Director for Logitech. He specializes in consumer electronics & pro audio with an expertise in headphones & portable audio. He has over 15 years of experience selling custom handcrafted in-ear monitors.

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