Content streaming giants Amazon and Spotify are reportedly contemplating rival takeover bids for the London-listed podcasting distribution platform, AudioBoom PLC, which has witnessed a significant jump in its share prices and revenues through the course of the pandemic.
It is expected that the two digital giants will be soon deciding on making formal offers this month itself.
Amazon has been speculated to be working with JP Morgan’s investment bankers regarding its potential interest in AudioBoom.
Sources have suggested that an approach from either Spotify or Amazon might be pitched at a signi