Private equity giant KKR has backed digital music platform Pandora in a deal worth about $150m . Copyright © 2017 As part of the deal, KKR will acquire newly created shares and hold the right to issue up to $100m more shares. In addition, Pandora , KKR 's head of KKR in the Americas , will join KKR 's board of directors. Pandora offers billions of hours of licensed music to its customers in the US , New Zealand and Australia .
Private equity giant KKR has backed digital music platform Pandora in a deal worth about $150m . As part of the deal, KKR will acquire newly created shares and hold the right to issue up to $100m more shares. In addition, Pandora , KKR 's head of KKR in the Americas , will join KKR 's board of directors. Pandora offers billions of hours of licensed music to its customers in the US , New Zealand and Australia .