Amazon in Talks to Buy Podcast Giant Wondery at $300 Million Valuation (Report)

Deal would be the latest in a wave of acquisitions of independent podcast producers in the last year

Last Updated: December 2, 2020 @ 12:07 PM

Amazon.com Inc. has entered exclusive talks to purchase independent podcast producer Wondery, the Wall Street Journal reported on Tuesday.

The deal would value Wondery at more than $300 million, unnamed individuals with knowledge of the talks told the Journal, emphasizing that negotiations were ongoing and could collapse.  According to the story Wondery was valued at $100 million in June 2019 and is expected to increase revenue to more than $40 million in 2020.

Amazon and Wondery refused comment on the reported talks.

Wondery, whose biggest hits are true-crime stories such as “Doctor Death,” “Dirty John” and “Over My Dead Body,” was the sixth most-popular podcast publisher in the U.S. in September, audio analytics firm Podtrac reported.

The “Dirty John” podcast was produced in partnership with the Los Angeles Times based on a print series reported by staff writer Christopher Goffard. A “Dirty John” TV series, based on the life of con artist John Michael Meehan, starred Eric Brana and Connie Britton and launched on Bravo in November 2018.