Spotify reportedly in “advanced stages” of acquiring podcast company for $230M

Spotify reportedly in “advanced stages” of acquiring podcast company for $230M

5 years ago
Anonymous $Dftgs0JzgE

https://arstechnica.com/gaming/2019/02/spotify-reportedly-in-advanced-stages-of-acquiring-podcast-company-for-230m/

Multiple outlets, citing unnamed sources, reported on Friday that Spotify is in the "advanced stages" of acquiring a leading podcast production company. The rumored deal is no slouch: $230 million to acquire Gimlet Media, the company responsible for highly trafficked podcasts such as Reply All, Science Vs., and StartUp.

Recode and the Wall Street Journal each reported a Gimlet bid from Spotify in the neighborhood of "over $200 million." That number was later clarified by Hot Pod newsletter author Nick Quah to be closer to $230 million. All three reports point out that the deal has not been completed.