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BRIEF-Pandora announces $150 million investment by KKR

May 8 Pandora Media Inc:

* Pandora announces $150 million investment by kkr

* KKR's Richard Sarnoff to join Pandora board

* Pandora media inc- offering may be upsized to a total of $250 million should company determine to issue additional shares

* Pandora Media - under terms of investment, KKR will purchase an aggregate of $150 million in a new designated series a convertible preferred stock of co

* Pandora Media - the series a preferred stock is convertible into common stock, cash or a combination thereof at a conversion price of $13.50 per share

* Investment is being made by KKR through its sponsored investment funds Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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