Report: Amazon In Talks To Buy Wondery

Sale?

The WALL STREET JOURNAL is reporting that AMAZON is in exclusive talks over a purchase of WONDERY that would value the podcast production and sales company at over $300 million.

WONDERY, headed by former FOX executive HERNAN LOPEZ, was valued at about $100 million in its last funding round in JUNE 2019. The JOURNAL reports that the company's revenue may hot over $40 million this year, the bulk (75%) coming from advertising and the rest from licensing its intellectual property for television and subscription services.

The JOURNAL's sources warned that the talks "are continuing and could still fall apart."

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