Breaking: Pandora Shares Sliding After $450 Million Ticketfly Purchase

Pandora’s expansion into ticketing sounds interesting, but does it make solid business sense?  So far, Wall Street is having difficulty with Pandora’s rationale for acquiring Ticketfly for a lofty $450 million, with shares sinking substantially following the announcement.“…exceedingly expensive”Wedbush analyst Michael Pachter was taken aback by an acquisition that seemed “exceedingly expensive,” while pointing to major technological