Amazon to acquire Wondery | Tech News

Amazon to acquire Wondery

Wondery, which houses popular podcasts like "Dirty John", "Dr. Death", and "Business Wars", has about 20 million monthly unique listeners

By:REUTERS
| Updated on: Aug 21 2022, 14:04 IST
Amazon is relatively a late entrant to the booming podcast space.
Amazon is relatively a late entrant to the booming podcast space. (REUTERS)

Amazon.com Inc 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 $300 million.

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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.

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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 Inc and Sony Music Entertainment have held talks about acquiring Wondery. 

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First Published Date: 31 Dec, 17:26 IST
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