Spotify is Planning to Acquire Podcasting Giant Gimlet Media
Spotify is probably making a huge investment for podcasts. According to the WSJ, Spotify will acquire Gimlet Media for over $200 million.
Gimlet is currently valued for around $70 Million. The podcast company is behind some of the most famous talk shows including technology and culture show Reply All.
In addition to its regular offerings, it also airs limited run ones. One of those was psychological thriller Homecoming, its first fictional title that became an Amazon Prime series starring Julia Roberts.
With the acquisition, we can see more podcasts joining the platform.
Which are your favorite podcasts on Spotify? Let us know in the comments below.