Sirius XM approached Pandora board about acquisition

Traders work at the kiosk where Pandora internet radio is traded on the floor of the New York Stock Exchange, in this June 15, 2011 file photo. REUTERS/Brendan McDermid/Files

(Thomson Reuters)

SiriusXM Chairman Greg Maffei has recently reached out to the board of internet radio provider Pandora about a possible acquisition, according to a Bloomberg report.

Pandora's stock surged more than 16% on Friday following the report, which was based on anonymous sources.

Earlier on Friday, CNBC reported that Pandora was "open" to selling itself.

Bloomberg said that Sirius did not discuss a price for the deal and that Pandora still has not yet responded.

Sirius offered about $15 a share to buy Pandora earlier this year, Bloomberg said.

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