Spotify Spent $340 Million on Anchor and Gimlet

Spotify in a big pile of money

Spotify spent close to $340 million on its recent purchase of Gimlet and Anchor, it emerged Friday. The majority of those transactions were in cash.

Spotify in a big pile of money

Paying for its Podcast Play

The numbers were in an SEC filing, highlighted by Re/Code’s media man Pete Kafka.

It is thought that $200 million of that total was for Gimlet (via Re/Code). That would leave $140 million for Anchor. Gimlet investors Stripes Group, WPP, Betaworks, and Lowercase Capital had previously put a total of $28.5 million into the company. Anchor raised $14.4 million from investors including Accel. Homebrew, and Betaworks.

In a blog post announcing the deals on February 6th, Spotify CEO Daniel Ek said that “said while podcasting is still a relatively small business today, I see incredible growth potential for the space and for Spotify in particular.”

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