Spotify May Acquire Gimlet For $200 Million

Spotify May Acquire Gimlet For $200 Million

Reportedly, music streaming service Spotify and podcast firm Gimlet are in negotiations over a proposed merger. It is said to be a $200 deal. The acquisition could open new markets to Spotify which would be able to expand outside the streaming music market. Gimlet has almost $30 in venture capital and has almost tripled its value in the last 2 years. The US podcasting industry is estimated to produce $314 Million in ad revenue annually. Who knew there was money in podcasting?

About the Author

avatar KALE: A geek who works in the IT Security field and lives in Dallas, TX. He is also a music geek who has played in several local bands. Previous to his IT career, Kale worked as a photojournalist. He brings technical advice and artistic counterpoint to the podcast.