Dish Network (DISH) Exec Mentions Pandora (P), SIRIUS XM (SIRI), Hulu As Possible Takeover Targets

June 24, 2011 10:12 AM EDT
Shares of Pandora Media (NYSE: P) and SIRIUS XM Radio Inc. (Nasdaq: SIRI) are seeing some interest in early action Friday on takeover speculation following comments from a Dish Network Corp. (Nasdaq: DISH) executive.

Dish's newly-appointed CEO Joseph Clayton, commenting on the company's recent takeover strategy, mentioned Sirius, Hulu and Pandora as possible future targets, according to the New York Times DealBook.

"I would be interested in Sirius, Hulu, Pandora. There are a lot of things that are up for grabs right now," Clayton said. "I can assure you one thing, I will not be hiring Howard Stern."

Recently the market learned Hulu was approached with a takeover bid.

Defending the company's takeover strategy he compared his strategy to an episode of "Seinfeld":

"There's a lot of things that happen in the first about 28 minutes of that show where you don’t know exactly where that show was going. But it seemed to all come together in the last couple of minutes," he said, describing the hit 1990s sitcom, often called a show about nothing.

"So it could be a strategy about nothing, if you’re skeptical," Mr. Ergen said. “But I think that everything we do has a purpose."

Shares of Pandora are up 4 percent and SIRIUS XM Radio (Nasdaq: SIRI) is up 0.25%.

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