Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wprss domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wprss domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114
: Spotify boosting audiobook presence with Findaway acquisition – Vested Daily

: Spotify boosting audiobook presence with Findaway acquisition

November 12, 2021

Spotify Technology SA
SPOT,
+2.57%
said late Thursday it has agreed to acquire digital audiobook distributor Findaway for an undisclosed price.

Spotify shares rose 0.6% after hours, following a 2.6% gain to close the regular session at $276.65.

“The acquisition of Findaway will accelerate Spotify’s presence in the audiobook space and will help us more quickly meet that ambition,” said Gustav Söderström, Spotify chief research and development officer, in a statement.

Spotify said Findaway will maintain its headquarters in Solon, Ohio, and be led by founder Mitch Kroll, who will report to the head of audiobooks at Spotify, Nir Zicherman.

Spotify expects the transaction to close in the fourth quarter.

This post was originally published on Market Watch