May 8, 2017 / 9:22 PM / 2 months ago

BRIEF-Pandora announces $150 million investment by KKR

1 Min Read

May 8 (Reuters) - Pandora Media Inc:

* Pandora announces $150 million investment by kkr

* KKR's Richard Sarnoff to join Pandora board

* Pandora media inc- offering may be upsized to a total of $250 million should company determine to issue additional shares

* Pandora Media - under terms of investment, KKR will purchase an aggregate of $150 million in a new designated series a convertible preferred stock of co

* Pandora Media - the series a preferred stock is convertible into common stock, cash or a combination thereof at a conversion price of $13.50 per share

* Investment is being made by KKR through its sponsored investment funds Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below