Shares of Pandora Are Active in Late Trading on WSJ Report That Google Considered Buying Spotify Last Year.

According to the WSJ, Google tried to buy music-streaming service Spotify AB late last year, but talks broke down for a number of reasons, including the high price Spotify was asking and Google Chief Executive Larry Page's overall lack of enthusiasm for subscription entertainment services. In a note to the SEC in December, Google said that it had "pursued but discontinued a potential buyout of a foreign company, with a valuation estimated in the range of $4 to $5 billion." Google executive Susan Wojcicki, who left Google in February to take the top job at YouTube, was a primary advocate for making the deal. Both Spotify and Google have declined to comment. Pandora is trading up 1 percent after hours, at $27.59 Google is currently changing hands at $593.61, down 0.2 percent