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)

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