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From Yahoo Finance, Audioboom, the UK-based podcasting distribution platform, has an eye on being purchased after it turned its first profit this year and quadrupled its market value.
“If a big business is looking to be in the space, and they are looking to acquire a company that is already scaled and has the potential to scale further, then Audioboom is in a prime position to take advantage of that,” Chief Executive Officer Stuart Last said in an interview.
British entrepreneur Nick Candy, Audioboom’s biggest investor with a 14.5% stake, said Amazon should look at the company as “it’s the last big independent left.”