Jana Partners invests in Pandora seeing growth opportunity

Reuters News
Posted: Jul 24, 2017 10:36 AM

NEW YORK (Reuters) - Jana Partners has made an investment in Pandora Media Inc., according to a person familiar with the matter, seeing the stock as under-valued with an opportunity to grow its advertising revenue.

The size of Jana's stake is unclear. Jana Partners declined to comment. Bloomberg News was first to report Jana's investment in the company.

(Reporting by Michael Flaherty)