Swedish Audio Company Buys Lemonada Media for Around $30 Million (Correct)

Swedish audio conglomerate PodX Group AB is acquiring the majority of Lemonada Media, the network behind podcasts like Julia Louis-Dreyfus’ Wiser Than Me and Meghan Markle’s Confessions of a Female Founder.

The acquisition, which was announced Tuesday in a statement viewed by Bloomberg, marks the European company’s first purchase of a US-based network. PodX is spending around $30 million on the deal, according to a person familiar with the terms. A Lemonada representative declined to comment on the figure.

“We are madly in love, of course, with Lemonada, and it’s important for us to build the Atlantic link,” said Patrick Svensk, chief executive officer at PodX. ...