Sirius XM Radio Holdings Inc. (NASDAQ:SIRI) is in the spotlight after media reports suggested that the company has started negotiating with Pandora for a possible merger. Last year, Sirius offered Pandora a deal valued at $15 per share, but Pandora rejected it. Analysts think that Sirius XM Radio Holdings Inc. (NASDAQ:SIRI) now has a chance to acquire Pandora at about $10 per share due to heavy losses faced by Pandora over the last 12 months.
Investors are also paying attention to Sirius XM Radio Holdings Inc. (NASDAQ:SIRI) after Warren Buffett’s Berkshire Hathaway recently upped its stake in the company. The fund now owns $824 million stake in the company.
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