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Internet large Amazon is in talks to purchase podcast writer Wondery, which serves up hit audio exhibits Dr. Death and Serial, the Wall Street Journal reported on Wednesday.
West Hollywood-based Wondery boasts of being the world’s largest unbiased podcast writer, and has reportedly additionally explored the potential for acquisition with Apple and Sony Music Entertainment.
Industry tracker Podtrac ranked Wondery as being the fourth most listened to podcast writer in the US in November, with barely greater than 9 million folks tuning in to audio programmes it hosts.
Podcasts have boomed in reputation, with folks tuning in to hear compelling actual or scripted tales in addition to interviews.
Launched in 2016, Wondery has gained audiences for exhibits comparable to Dr. Death, Dirty John, Business Wars, The Shrink Next Door, and Gladiator.
Wondery is in search of $300 million (roughly Rs. 2,200 crores) or extra from a suitor, in accordance to US media experiences.
Amazon and Wondery each declined to touch upon the report.
Word that Wondery is open to being purchased comes as its chief govt Hernan Lopez defends himself in opposition to federal felony expenses over alleged bribes paid for broadcasting rights to main soccer tournaments whereas he labored as a Fox govt.
Amazon, which already provides some podcasts via its music app, is dealing with elevated scrutiny from antitrust enforcers for its rising dominance over key sectors of the financial system because it expands in retail and streaming media.
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(This story has not been edited by Newslivenation workers and is auto-generated from a syndicated feed.)