Monday, November 9, 2020

Wondery Looks For Buyer, Says Reports

Los Angeles-based podcasting network Wondery appears to be attempting to sell itself for between $300M to $400M, according to multiple reports. The podcasting publisher is backed by Waverley Capital, Lerer Hippeau, Greycroft, BDMI, Advancit, Water Tower Ventures, and Powerhouse Ventures. It's unclear how far along those talks are--Bloomberg said its sources said "negotiations are ongoing" with companies such as Apple and Sony. The news come even as its CEO faces federal charges for money laundering and wire fraud from his time at Fox TV.

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