Amazon to enter podcast space, acquire Wondery
According to media reports, Amazon and Wondery have been in deal talks, pegging the latter's valuation at $300 million.
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Published: Jan 1, 2021 8:56 AM | 1 min read
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Amazon Inc has reportedly made its foray into the burgeoning world of podcasts, announcing on Thursday that it is set to acquire Wondery, a podcast startup.
The tech goliath is set to strengthen its non-musical content and compete with current podcast major Spotify with the new acquisition.
According to media reports, Amazon and Wondery were in deal talks, pegging the latter's valuation at $300 million.
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