The media company listed in London which produces the Series of official Podcasts of Motor Racing of Formula 1 explores a sale following a new set of approaches by potential buyers.
Sky News learned that Audio group Works with advisers to explore the terms of the company’s potential takeover.
J Goodwin & Co, a company founded by an eminent banker of the media industry, Jonathan Goodwin, is understood that the supervision of talks with potential buyers.
Audioboom has a market capitalization of almost 100 million pounds sterling, after an increase of 157% of its valuation in the last 12 months.
Media analysts cited Fox Corporation and Iheartmedia as potential bidders for AudioBoom, although it is not clear on Friday if official discussions have still taken place with them or other third parties.
Any transaction should probably be presented to an important premium of the current action of the action to guarantee a recommendation from the audioboom’s board.
AudioBoom produces podcasts, including the civil servant Formula 1 F1 titles: Beyond the grid and f1 nation, the real obsessed crime and nothing like a fish.
The company claims that its programs are downloaded 135 million times a month by more than 40 million listeners around the world.
It is classified as the fifth largest publisher in Podcast in the United States by Edison Research.
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The content produced by AudioBoom is distributed via Apple, YouTube and Spotify podcasts.
He recently announced the appointment of Craig Eastwood, a former executive of the British Podcast Network Adelicious, to lead an international expansion which, according to the company, would be “essential to the long -term audiooom growth strategy”.
The exploration of a sale is not the first time that AudioBoom has engaged in such a process.
In 2020, he worked with the merchant bank of the Raine group to hold interviews with the suitors, but finally canceled the process.
Friday afternoon, audio -boom shares were negotiated at 547.5p, up approximately 1.4% during the day.
AudioBoom could not be joined to comment.