[UPDATED] Pandora is actively trying to sell and confident that it can close a deal to close within 30 days, sources familiar with the company’s thinking told CNBC. SiriusXM is believed to be the most logical buyer.
At the same time, the company is aggressively seeking to sell within the next 30 days, according to CNBC.
“If Pandora sells itself within that 30 days, it would have to pay KKR $15 million,” sources tell CNBC. “But sources said the company views that money as an insurance policy of sorts that effectively gives the company a 30-day option to sell itself — which it thinks it can do.”