Amazon to acquire Wondery in podcast push
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] Amazon.com said on Wednesday it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app.
Earlier this month, the Wall Street Journal reported that the firms were in deal talks, pegging Wondery at a valuation of more than US$300 million.
Amazon is relatively a late entrant to the booming podcast space, a key area of focus for Spotify Technology, which has been investing in big names in an effort to become the Netflix of audio content.
Wondery, which houses popular podcasts like Dirty John, Dr Death, and Business Wars, has about 20 million monthly unique listeners, according to a Variety report.
Last month, Bloomberg News reported that both Apple and Sony Music Entertainment have held talks about acquiring Wondery.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
