Spotify is reportedly in talks for a $200 million podcast purchase

Spotify is reportedly looking to sink big money into podcasts. According to Recode and The Wall Street Journal, the music streaming company is currently in talks to acquire podcasting giant Gimlet Media for over $200 million. If Spotify manages to finalize the acquisition, it will be the first time it has purchased another company. Recode says the negotiation is in the advanced stages, but it's not a done deal yet, and their talks could still fall through.
Read more: https://www.engadget.com/2019/02/02/spotify-gimlet-purchase/?source=Snapzu