FILE PHOTO: Amazon's JFK8 distribution center in Staten Island, New York City
FILE PHOTO: The Amazon logo is pictured outside the company’s JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File Photo

December 2, 2020

(Reuters) – Amazon.com Inc is in talks to buy podcast startup Wondery with a valuation of over $300 million, the Wall Street Journal reported on Wednesday citing people familiar with the matter.

Deal talks are ongoing and negotiations could still fall apart, the report said https://www.wsj.com/articles/amazon-in-talks-to-buy-podcast-maker-wondery-11606931396?mod=latest_headlines.

Last month, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-11-06/apple-sony-said-to-hold-talks-about-buying-podcaster-wondery?sref=XPBxbFZt that both Apple Inc and Sony Music Entertainment have held talks about potentially buying Wondery, which is seeking $300 million to $400 million in a possible sale.

Amazon and Wondery did not immediately respond to Reuters requests for comment.

(Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber)

Public Affairs

Sign Up for Our Newsletters

Get notified first!

You May Also Like

Newsom Recall Shows States Can Do More to Protect Constitutional Rights: Dr. Cordie Williams

It’s a ‘shot across the bow’ of politicians who would restrict civic…

Texas State Senate Passes Election Integrity Bill Targeting Mail-in Ballots

The Republican-led Texas state Senate passed a bill early on Thursday that…

Lyfeloop is Best New Social Media App

Lyfeloop has been Named Best New Social Media App while quietly gaining…

What’s in the Georgia Election Bill?

Republicans in Georgia enacted a set of election reforms last month that…