Spotify expands into audiobooks with acquisition of Findaway #3dChicks #booknews
In an effort to expand beyond music, Spotify has been investing hundreds of millions to build out its podcasts business. Now the company has set its sights on another form of audio, with today’s acquisition of digital audiobook distributor Findaway.
Spotify declined to share the financial terms of the deal, which is expected to close in the fourth quarter of 2021, subject to regulatory review and approval.
Founded in 2004, Findaway’s core focus has been on bringing more audiobooks to listeners worldwide.