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MarketWatch MarketPulseDec 02, 2020
Amazon in talks to buy podcast startup Wondery for more than $300 million--WSJ
Amazon.com Inc. is in talks to buy podcast startup Wondery, according to a report in The Wall Street Journal. Citing people familiar with the matter, the talks value Wondery, which podcast shows include "Death of a Starlet," "Little Stories Everywhere" and "Jacked: Rise of the New Jack Sound," at over $300 million, the WSJ report said. That's a sharp increase over the $100 million valuation of Wondery after the last funding round in June 2019, the report said. Wondery is expected to increase revenue to more than $40 million this year, the WSJ reported, citing a person familiar with the matter. Amazon's stock, which slipped 0.1% in midday trading, has lost 8.9% over the past three months but has run up 74.1% year to date, while the S&P 500 has gained 13.4% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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