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News about KKR
Earlier talks about Sirius XM acquiring Pandora in its entirety ended unsuccessfully.
ValueAct is betting $750 million on the private equity firm.
"We like the logic of the deal but think it is not a bargain," said one analyst.
KKR acquired the firm from Pfizer for $2.4 billion in 2011.
Seizing on a rare chance to do a multi-billion dollar deal in Japan.