Spotify to Acquire Sports and Entertainment Podcast Creator The Ringer
Streaming music leader Spotify (NYSE: SPOT) is betting big on podcasts: It's acquiring sports and entertainment content creator The Ringer for an undisclosed sum.
It's the fourth podcast producer Spotify has bought in the past year, after reportedly spending between $400 million and $500 million in 2019 to acquire three other podcasting companies: Gimlet Media, Anchor FM, and Parcas.
Image source: Getty Images.
Source Fool.com
