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    Spotify acquires New York podcasting companies Gimlet and Anchor

    by Wendy Lee, Los Angeles Times Feb 06, 2019 3 minutes

    Spotify said Wednesday it would acquire New York podcasting companies Gimlet Media and Anchor FM Inc., establishing itself as a major player in podcasting, a once-nascent category that has emerged as a booming industry.

    The Swedish music company did not disclose the financial terms of the deal but said it planned to spend $400 million to $500 million on podcast-related acquisitions this year, a total that includes the Anchor and Gimlet purchases as well as other deals Spotify is

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