The London-listed media firm which produces Components One motor racing’s official podcast sequence is exploring a sale following a recent set of approaches from potential patrons.
J Goodwin & Co, a agency based by outstanding media business banker Jonathan Goodwin, is known to be overseeing talks with potential patrons.
Audioboom has a market capitalisation of near £100m, after a 157% surge in its valuation during the last 12 months.
Media analysts cited the likes of Fox Company and iHeartMedia as potential bidders for Audioboom, though it was unclear on Friday whether or not any formal talks have been but happening with them or different third events.
Any deal would most likely must be pitched at a big premium to the present share value to safe a advice from Audioboom’s board.
Audioboom produces podcasts together with the official Components 1 titles F1: Past the Grid and F1 Nation, True Crime Obsessed and No Such Factor As A Fish.
The corporate says its reveals are downloaded 135 million occasions every month by greater than 40 million listeners all over the world.
It’s ranked because the fifth-largest podcast writer within the US by Edison Analysis.
Audioboom-produced content material is distributed by way of the likes of Apple Podcasts, YouTube and Spotify.
It not too long ago introduced the appointment of Craig Eastwood, a former government at British podcast community Adelicious, to spearhead a world growth that the corporate stated could be “pivotal to Audioboom’s long-term growth strategy”.
The exploration of a sale is just not the primary time that Audioboom has engaged in such a course of.
In 2020, it labored with the service provider financial institution The Raine Group to carry talks with suitors however ultimately known as off the method.
On Friday afternoon, shares in Audioboom have been buying and selling at 547.5p, up about 1.4% on the day.
Audioboom couldn’t be reached for remark.
