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Spotify says it paid $340M to buy Gimlet and Anchor

Spotify says it paid $340M to buy Gimlet and Anchor

10 months ago
Anonymous $Dftgs0JzgE

https://techcrunch.com/2019/02/14/spotify-gimlet-anchor-340-million/

Spotify doubled down on podcasts last week with a double deal to buy podcast networks Gimlet and Anchor. Those acquisitions were initially undisclosed, but Spotify has quietly confirmed that it spent €300 million, just shy of $340 million, to capture the companies.

That’s according to an SEC filing — hat tip Recode’s Peter Kafka — which deals the transactions which were “primarily in cash,” Spotify said. Kafka previously reported that Spotify paid around $200 million for Gimlet, which, if correct, would mean Anchor fetched the remaining $140 million.