Amazon stated on Wednesday it might purchase podcast startup Wondery, aiming to beef up non-musical content material on its Amazon Music app.
Earlier this month, the Wall Road Journal reported that the corporations have been in deal talks, pegging Wondery at a valuation of greater than $300 million.
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Amazon is comparatively a late entrant to the booming podcast area, a key space of focus for Spotify Expertise, which has been investing in massive names in an effort to turn out to be the Netflix of audio content material.
Wondery, which homes standard podcasts like “Dirty John”, “Dr. Death”, and “Business Wars”, has about 20 million month-to-month distinctive listeners, in response to a Selection report.
Final month, Bloomberg Information reported that each Apple and Sony Music Leisure have held talks about buying Wondery.
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The world’s greatest on-line retailer additionally introduced the launch of a climate-friendly program to assist prospects store for sustainable merchandise, as a part of its dedication to be web carbon impartial by 2040.
Prospects will now see greater than 25,000 merchandise starting from grocery, family, vogue, magnificence, and private electronics with a ‘Climate Pledge Friendly’ label, Amazon stated in an announcement.