@andreworlowski: Pandora investor: Sell this company sooner rather than later

A major investor in Pandora wants the company to sell out while it can.

Hedge fund Corvex Partners has revealed that it owns 10 per cent of the veteran streaming music company – and that selling out to a larger company is preferable to pursuing a “costly and uncertain business plan.”

In a US Securities and Exchange Commission filing, Corvex expresses dismay over the return of founder Tim Westergren as CEO.

The hedge fund doesn’t think it’s worthless – just that it would be worth more to shareholders if it sold now at a premium.

Read the post on The Register.

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