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Spotify Acquires Gimlet Media for $230 Million

Spotify, the Swedish music streaming giant, expands its podcasting portfolio with the recent acquisition of Gimlet Media for $230 Million. Gimlet Media is a popular NYC-based Producer, known for its dramatic and thriller contents. As the podcasting industry is rapidly growing, Spotify’s investment in podcasting contents may lead to a consumer-friendly subscription-based business model. Also, …

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Spotify to reportedly Sign a Deal with Gimlet Media worth $200 Million

Spotify is planning to step into the podcast industry by purchasing Gimlet Media for more than $200 million, according to reports. If the deal goes positive, this will be the first content company acquired by the music streaming service. This partnership will also provide Spotify’s listeners with fresh contents from Gimlet. Though both of these …

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