Bloomberg Law
Dec. 30, 2020, 6:17 PM

Amazon Agrees to Acquire Wondery in Deeper Push Into Podcasting

John J. Edwards III
John J. Edwards III
Bloomberg News Inc. agreed to acquire podcasting company Wondery, as the dominant audiobook purveyor moves to strengthen in another sound-based medium.

“This is a pivotal moment to expand the Amazon Music offering beyond music as listener habits evolve,” the Seattle-based retail and media giant said in a statement Wednesday. Financial terms weren’t disclosed.

Bloomberg News first reported in September that Wondery was exploring a sale, and the Wall Street Journal said earlier this month that Amazon was in the lead at a valuation of around $300 million. Apple Inc. and Sony Music Entertainment each held talks about potentially acquiring the company, ...

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