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Streaming Media Market Witness Highest Growth in near future| Leading Key Players: Adobe Systems Inc , Microsoft, RealNetworks Inc , Google
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Streaming Media Market Witness Highest Growth in near future| Leading Key Players: Adobe Systems Inc , Microsoft, RealNetworks Inc , Google
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Stocks in Volatile Measures: Pandora Media (NYSE:P), Gannett Co (NYSE:GCI)
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Chancery Keeps Alive Suit Over $3.5B Pandora-Sirius Tie-Up
Law360 (February 23, 2021, 9:30 PM EST) A stockholder challenge to Pandora Media Inc. s $3.5 billion acquisition by Sirius XM Radio in 2019 moved forward in Delaware s Chancery Court on Tuesday after a ruling that in part found arguments that a deal proxy contained material falsehoods or deficiencies were reasonably conceivable.
Chancellor Andre G. Bouchard s decision on dismissal motions by Sirius and Pandora directors kept alive class claims that Sirius aided and abetted breaches of fiduciary duty by Pandora s board in the runup to the closing, and that Sirius was unjustly enriched at the expense of the class.
Reviving Stocks in Expert s Opinion: Pandora Media, Inc (NYSE:P), Cott Corporation (NYSE:COT)
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