Amazon and Spotify mull bids for London-listed podcaster Audioboom | Business News
Amazon and Spotify are considering rival takeover approaches for Audioboom, the London-listed podcasting group which has seen revenues and its share price surge during the pandemic.
Sky News has learnt that the two digital behemoths have been exploring bids for Audioboom in recent weeks, and could decide whether to make formal offers as soon as this month.
Amazon is said to have been working with investment bankers at JP Morgan on its prospective interest in Audioboom.
City sources said today that an approach from either Amazon or Spotify was likely to be pitched at a significant premium to Friday’s closing share price of £17.60.
Audioboom now has a market capitalisation of more than £275m, having seen its shares more than quintuple over the past year.
A person close to the situation cautioned that a formal approach from the two digital giants could yet fail to materialise, and that it was unclear how public…
