Amazon and Spotify Considering Bids for Audioboom, Sky News Reports
February 14 2022 - 1:30AM
Dow Jones News
--Amazon.com Inc. and Spotify Technology S.A. are considering
whether to make rival takeover bids for London-listed podcasting
company Audioboom Group PLC, Sky News reports.
--Audioboom has a market capitalization of more than 275 million
pounds ($373.0 million) and any bid will likely be a significant
premium to its closing share price on Friday of GBP17.60, Sky News
reports, citing city sources.
--Audioboom has seen its revenue and share price greatly
increase during the coronavirus pandemic, the report said.
Full story: https://bit.ly/3HN0ZgE
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
February 14, 2022 01:15 ET (06:15 GMT)
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