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Podcast: Podnews Daily - podcast industry news
Episode: Tencent to pay a mountain of cash for Ximalaya
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Chinese podcasting company Ximalaya is reportedly to be acquired by Tencent Music for $2.4bn, reports Bloomberg. (Spotify bought Anchor for just $140mn). Ximalaya, which claimed more than 303mn monthly active users in 2023, spent $100mn on a US expansion in 2019 (though it may not have done); the company tried to float on the NYSE, but didn’t, and was going to float in Hong Kong, but hasn’t.
Himalaya’s highest-profile employee in the US was Peter Vincer, who made the headli...