[September 24, 2018]

PANDORA MEDIA, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout

Rigrodsky & Long, P.A.:

• Do you own shares of Pandora (News - Alert) Media, Inc. (NYSE: P)?
• Did you purchase any of your shares prior to September 24, 2018?
• Do you think the proposed buyout is fair?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Pandora Media, Inc. ("Pandora" or the "Company") (NYSE: P) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Sirius XM Holdings Inc. ("Sirius"). Under the terms of the agreement, shareholders of Pandora will receive 1.44 newly-issued Sirius shares for each share of Pandora common stock.

If you own common stock of Pandora and purchased any shares before September 24, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at [email protected].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180924005999/en/

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