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May 25, 2017

Pandora receives $150M investment with help from Sidley Austin, Paul Weiss

Kohlberg Kravis Roberts & Co. LP will buy $150 million worth of new designated Pandora's Series A convertible preferred stock, according to deal terms.

By Melanie Brisbon

Sidley Austin LLP advised Pandora Media Inc. in a deal to receive a $150 million investment from , known as KKR. The deal was announced May 8.

Paul, Weiss, Rifkind, Wharton & Garrison LLP advised KKR, which manages investments in private equity, energy, infrastructure, real estate, credit and hedge funds.

KKR will make the investment through its sponsored investment funds. KKR will buy $150 million worth ...

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