|Bid||318.28 x 900|
|Ask||463.44 x 900|
|Day's Range||459.46 - 464.05|
|52 Week Range||267.89 - 655.54|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||11.66|
|Earnings Date||Feb 24, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||5.80 (1.25%)|
|Ex-Dividend Date||Oct 14, 2020|
|1y Target Est||540.00|
(SPOT) has made another big bet on podcasting in an effort to draw more advertising and scale to its business. The audiostreaming service announced on Tuesday that it had agreed to buy podcast hosting and ad-technology firm Megaphone from (GHC) (ticker: GHC). The deal is worth $235 million, according to Graham Holdings.
Graham Holdings Company (NYSE: GHC) announced today that it has entered into an agreement with Spotify Technology S.A. (NYSE: SPOT) to sell Megaphone for $235 million. Megaphone is a podcast technology company that provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners.
Spotify, keeping the pedal to the metal in its aggressive podcast buildout strategy, has acquired podcast publishing and advertising company Megaphone for $235 million in cash. Spotify is buying Megaphone, formerly known as Panoply Media, from media company Graham Holdings. Megaphone provides podcast hosting and ad-insertion capabilities for publishers and targeted ad sales for marketers. […]