"As a founder, I have a personal goal that's just as important and just as core to our culture: I do not want to sell this company. I have opened nearly every meeting by telling potential investors and potential employees this, so I guess readers should know it from the beginning as well."

https://pando.com/2012/01/16/why-i-started-pandodaily/

From the tone of the announcement of the sale, it's clear that Sarah Lacy did not want to sell Pando.