(Updated - February 11, 2016 2:22 PM EST)

Pandora (NYSE: P) held talks to sell itself, according to reports in the New York Times. Pandora is said to be working with Morgan Stanley as it meets with potential buyers, though discussions are reportedly at an early stage.

Pandora is slated to report Q4 results after markets close Thursday. The company is expected to post EPS of $0.0 7 with revenue of $331.8 million. To see the latest earnings from Pandora, click here.

Shares of Pandora are up over 7 percent amid the headlines.