BRIEF-Pandora says Eventbrite to buy Ticketfly business for $200 mln


June 9 Pandora Media Inc

* Pandora strengthens balance sheet and sharpens focus on
core priorities

* Pandora Media Inc says announces strategic investment
from siriusxm and sale of Ticketfly strategic review complete

* Pandora Media Inc – ‍its sale of Ticketfly to eventbrite
for $200 million​

* Pandora Media Inc – ‍company is reiterating and affirming
financial guidance provided on Q1 conference call on May 8,
2017​

* Pandora Media Inc – reiterated that it expects full-year
revenue in range of $1.50 billion to $1.65 billion

* Pandora Media Inc – Q2 revenue is expected to be in range
of $360 million to $375 million

* Pandora -Pandora and Eventbrite expect to enter into a
commercial agreement that allows Pandora to substantially
broaden scale of its ticketing opportunities

* Pandora Media-‍eventbrite to buy pandora’s ticketfly
business for $200 million, funded through $150 million cash and
a $50 million note payable to pandora​

* Pandora Media Inc – q2 adjusted ebitda loss is expected to
be in range of $65 million to $50 million

* Fy2017 revenue view $1.57 billion — Thomson Reuters
I/B/E/S

* Q2 revenue view $369.1 million — Thomson Reuters I/B/E/S
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