Amazon To Buy Podcast Maker Wondery

Amazon announced Wednesday that it's acquiring podcasting company Wondery, expanding its catalog of original audio content. From a report: As part of the deal, Wondery will join Amazon Music, the e-commerce giant's music streaming business. Amazon Music in September added podcasts to its platform, looking to carve out a share of the increasingly competitive podcasting market, in which Spotify, Apple and others have gained ground. Terms of the deal weren't disclosed. Wondery, founded in 2016, has produced some of the most popular podcasts in recent years, including true crime series like "Dirty John," "Dr. Death" and "Over My Dead Body." The podcast producer and network says it counts more than 10 million unique listeners each month. WSJ reported earlier this month that Amazon was valuing Wondery at over $300 million in advanced stages of talks before the acquisition.

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