Pandora reportedly turned down a $3.4B offer
Although it wasn't a formal offer, Pandora rebuffed it. The streaming service was looking for closer to \\$20 per share, according to the Journal, and has shopped itself to larger companies like Apple and Amazon.
Music streaming is a quickly changing market, and Pandora in particular been experiencing a tumultuous last few months. Whether Liberty Media's CEO Greg Maffei will up the offer, and how a Sirius XM-Pandora partnership would look, are both unclear.
Pandora declined to comment. Liberty Media did not immediately respond to a request for comment.