VentureBeat reports that Pandora Media, the music streaming service, has decided to sell 10 million shares of its common stock which is expected to bring in $230.8 million (assuming a share price of $23.99). The stock sale will also include 4 million shares from CrossCapital Inc., the largest stakeholder in Pandora. The company recently announced the appointment of Brian McAndrews to the role of President and CEO.
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