WeissLaw LLP Investigates Pandora Media, Inc.

NEW YORK, Oct. 5, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Pandora Media, Inc. ("P" or the "Company") (NYSE: P) in connection with the proposed acquisition of the Company by Sirius XM Holdings, Inc. ("SIRI) (NASDAQ: SIRI).  Under the terms of the acquisition agreement, P shareholders will be entitled to receive 1.44 SIRI shares for each P share they own, representing consideration of $8.85 based on SIRI's October 3 trading price of $6.15.

If you own P shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
[phone]
[e-mail]

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http://www.weisslawllp.com/pandora-media-inc/

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WeissLaw is investigating whether P's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $13.00 per P share, or $4.15 above the per-share consideration.

Additionally, the deal will secure SIRI's position as the world's largest audio entertainment company.  According to SIRI's CEO, the acquisition will diversify its revenue stream and broaden its technical capabilities.

Given these facts, WeissLaw is concentrating its investigation on whether P's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [e-mail].

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