The internet radio company announced an agreement on Sept. 24 to sell itself to Sirius, which acquired a stake of less than 20 percent in 2017 and is controlled by billionaire John Malone.The sale, which values Pandora at about one-quarter of its peak share price in 2014 and 37 percent below its 2011 initial public offering, is a reminder that the company has struggled to improve its finances and keep up with shifting industry trends.
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