17:46
Traffic jam:   6
$
92.2628
99.7057

Audioboom shares up 23% on news of interest from Spotify and Amazon

14 February 2022
3038
1 min.
3
Audioboom shares up 23% on news of interest from Spotify and Amazon

Audioboom shares

Shares in British podcast platform Audioboom are up more than 20 percent, reaching their highest since listing in December 2005, Bloomberg reported.

Audioboom Group shares on the London Stock Exchange on Monday morning were worth £21.75 ($29.4), up 23% from the close of trading on Friday.

The company's market capitalisation reached £306m ($414m) on 14 February.

Audioboom Group shares rose to a record high after Sky News reported on the evening of February 13 that Amazon and Spotify could decide and make offers to acquire the podcasting platform as early as February.

The channel's sources noted that both Amazon and Spotify's offers are likely to be made at a significant premium to the closing share price of £17.6 per share ($23.8) on Friday, February 11.

An analyst at Tradition Securities told Bloomberg that an acquisition of Audioboom would be a "good addition" to Amazon or Spotify. In his view, a bid valuing the stock between £19.5 ($26.4) and £21 ($28.4) would be fair and reflective of the platform's growth.

Audioboom is an on-demand audio distribution and podcasting platform.

Also, the company is based in London with offices in New York, Melbourne and Mumbai.

Companies3 in the news

Spotify
1 place
Amazon
2 place
Bloomberg L.P.
3 place
Section:
Source foto:
maxpixel.net

Discussion

Rating companies
Tesla
14 Mention
Instagram
13 Mention
JP Morgan Chase
12 Mention
Walt Disney Company
12 Mention
Ford Motor Company
10 Mention
Netflix
10 Mention
Amazon
9 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8112904768
Died this year
14439818
Born this year
35524508