Amazon buys up-and-coming podcast company Wondery

New York. – The e-commerce giant Amazon announced today that it has acquired emerging podcast company Wondery after adding a podcast category to its Amazon Music platform last September.

Amazon did not disclose the amount of the acquisition, but The Wall Street Journal expected Wondery, Founded four years ago and valued at $ 100 million, it was negotiating sales for more than $ 300 million.

Wondery is an innovative podcast editor with a history of creating and producing top-notch podcasts that entertain and educate listeners, including ‘Dirty John’, ‘Dr. Death, “Business Wars” and “The Shrink Next Door,” Amazon said in a note.

“When the deal closes, nothing will change for listeners and they will continue to access Wondery podcasts through various providers,” added the company, which is still pending some conditions.

Amazon joined the podcast business last September to try to gain ground from rivals like Spotify or Apple, which have differentiated themselves with their own products and are taking advantage of the popularity of their streaming services to gain followers.

The company founded by the businessman and richest man in the world Jeff Bezos also owns Audible, which offers audiobooks and well-known podcasts such as “This American Life”, “Pod Save America” ​​or “You’re Wrong About”.

After the news broke, Amazon shares fell 0.83% during a generally positive session on Wall Street.