Amazon Announces Deal To Buy Podcasting Company Wondery

Amazon has agreed to buy podcasting start-up Wondery. The deal will give the e-commerce giant a better footing in the competition against Spotify and Apple, which have both been pouring large amounts of capital into podcasting. Q3 2020 hedge fund letters, conferences and more Amazon to buy WonderyUnder the terms of the deal, Wondery will become part of Amazon Music, which added podcasts in September. The podcasting market has become extremely competitive with Apple, Spotify and others boosting their investments in the space. The terms of the deal were not disclosed, although The Wall Street Jo…

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