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Spotify and Amazon are mulling potential takeover bids for London-listed podcasting platform Audioboom which has loved a surge in revenues by means of the pandemic, in line with experiences.
The 2 tech giants have been circling the London-listed agency in current weeks and will launch bids this month.
Amazon has reportedly enlisted bankers at JP Morgan because it readies a possible method for the agency.
Audioboom now has a market capitalisation of greater than £275m after its share value surged prior to now yr, however any method from the 2 corporations is prone to simply exceed Friday’s closing share value of £17.60, in line with sources cited by Sky Information.
A proper method may nonetheless fail to materialise, in line with the sources, and it was not clear how the corporations would react to the general public disclosure of their curiosity.
The potential approaches come after a blockbuster yr for Audioboom which noticed revenues leap 125 per cent to $60.2m.
Boss Stuart Final described it as “an exceptional yr” for the corporate, with its exhibits downloaded 116m instances each month by 32m distinctive listeners globally.
It at the moment occupies fourth place within the rankings of US podcasters.
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