Spotify is close to acquiring podcast company Recode, according to a report by technology website Gimlet Media. The podcast network was founded in 2014 and is home to shows covering a variety of subjects such as Crimetown, Homecoming and StartUp. Spotify is reportedly ready to pay over $200m for it as the streaming platform attempts to extend its offerings beyond music and compete with rivals such as Apple for podcast listeners. Recode would be the first firm producing and sharing its own content to be bought by Spotify.
Spotify is close to acquiring podcast company Gimlet Media, according to a report by technology website Recode. The podcast network was founded in 2014 and is home to shows covering a variety of subjects such as Crimetown, Homecoming and StartUp. Spotify is reportedly ready to pay over $200m for it as the streaming platform attempts to extend its offerings beyond music and compete with rivals such as Apple for podcast listeners. Gimlet Media would be the first firm producing and sharing its own content to be bought by Spotify.