Spotify Just Made Its Most Important Podcast Acquisition of 2020
Spotify (NYSE: SPOT) has been on a podcast shopping spree since 2019, spending hundreds of millions of dollars on exclusive content deals and software to help people create and host new podcasts. Most recently, it made a deal to acquire Megaphone for $235 million.
The move will accelerate Spotify's path toward monetizing podcast listening on its platform, making Megaphone its most important acquisition in the space to date.
Image source: Spotify.
Source Fool.com