Sirius XM's $3.5 Billion Pandora Deal Looking Great For Soros
- 6 years ago
Market Insider reports that hedge fund billionaire George Soros disclosed a massive stake in Pandora last month. His bet on streaming music appears to have already begun to pay off.
as part of the satellite-radio company's $3.5 billion, all-stock deal to buy its streaming competitor, Soros Fund Management bought 7.12 million shares, worth $56.1 million. During the second quarter it will receive 1.44 newly issued Sirius XM shares for each Pandora share it owns.
as part of the satellite-radio company's $3.5 billion, all-stock deal to buy its streaming competitor, Soros Fund Management bought 7.12 million shares, worth $56.1 million. During the second quarter it will receive 1.44 newly issued Sirius XM shares for each Pandora share it owns.