Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Are Rumors of Pandora Takeover Bogus?

Details

  • Description

    FBN’s Dennis Kneale on speculation of a possible takeover of Pandora by Comcast.

  • Duration 3:19
  • Date

Clips

Also in this playlist...

Allen & Company Media Conference

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

-- thank you.

Shares of pandora the Internet music company that media company those shares were up more than 7%.

Earlier today why well there were some rumors.

Of a possible takeover to this thing just go public we spoke to analysts which to a low of Albert -- about.

Just two might be interested in pandora he told us quote -- the -- we heard today was Comcast.

We don't give it much weight.

We looking tomorrow it could be another company.

Denis -- in southern -- I don't know what -- Allen and company media conference and he has some thoughts on a possible pandora takeover data.

So it sounds like a great story doesn't it -- I mean Comcast which just sold its three and a half billion dollar stake in -- any cable -- Back to its partners Disney and -- It's gonna take that when fall and by the pandora music service just one problem.

Not a single board of it is true.

Two sources separately very close -- situation telling me moments ago.

That the entire report is bogus and yet the stock jumped 7% today the markets are supposed to know all what went wrong.

-- the answer lies and kind of an anatomy of a rumor in the Internet age apparently it started with just one little website.

Being Zynga dot com confuse me now this website -- two years ago.

Don't even have offices in Silicon Valley where the pandora folks might.

Have some sources does -- have offices in Philadelphia where Comcast -- its offices there in Detroit and Chicago and Delaware.

But -- Zynga.

Puts that rumor out then and even wilder web site called -- bank -- yellow yellow get it this aside that I have feuded with in the past -- to bloggers.

Then they post it note saying hey Ben Zynga has this rumor.

The stock jumps up phones light up but Comcast -- and what and what's happening.

And only -- Does -- Zynga the rumor monger that originated it.

Contact Comcast to ask for comments on whether the rumor is true now understand something in the old days you never even -- -- -- rumor.

And certainly credit don't we have to check it out to knock it down -- -- right these guys printed first.

Asked later so if you bought.

That stock of pandora today.

On that big jump and ends up plummeting down when nothing happens and you lose money.

It is unfortunately.

Your own fault and in the Internet age but all these web sites if you have no idea who they are -- where they are you got Arab -- ever something you've got to be careful.

About what you read.

And you've got to be really wary of -- you can trust and my advice is.

-- trust me and fox this.

Very walk out and and usually it is bogus Dennis thank you are they talking about a pair quickly.

Oh yeah it's making the -- everywhere because everyone's here doing deals in some people think that's why that rumor got.

Some momentum is because it's -- -- Sun Valley they thought.

Broadly for a deal to come out of there I just hope now that.

Comcast doesn't turn around him by -- just to make me look like -- Listen stranger things have happened to Charlie Gasparino in the past -- -- people change their plans justice show that he was wrong because he was right initially Dennis thank you dad.

Thank you go okay go on with your hobnobbing.

-- -- --

Load More