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(Alliance News) - Amazon.com Inc and Spotify are both considering making bids for London-listed podcast producer Audioboom Group PLC, which could materialise as soon as this month, Sky News reported Sunday.
According to people close to the situation, online marketplace Amazon has been in touch with investment bankers at JPMorgan on its interest in Audioboom.
Should an approach be made by either company, it is expected to be pitched at a significant premium to Audioboom's closing price on Friday at 1,760.00 pence.
https://news.sky.com/story/amazon-and-spotify-mull-bids-for-london-listed-podcaster-audioboom-12541467
In July 2021, Audioboom received a GBP188 million offer from London-based technology-focused investor All Active Asset Capital, however in September the offer was withdrawn, due to an overall lack of interest from Audioboom.
Shares in Audioboom were 10% higher at 1,943.75 pence in London on Monday, giving a market capitalisation of GBP306.5 million.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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