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Weekly News Digest

November 16, 2021 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Spotify to Acquire Findaway

Sarah Perez writes the following for TechCrunch:

In an effort to expand beyond music, Spotify has been investing hundreds of millions to build out its podcasts business. Now the company has set its sights on another form of audio, with [the] acquisition of digital audiobook distributor Findaway.

Spotify declined to share the financial terms of the deal, which is expected to close in the fourth quarter of 2021, subject to regulatory review and approval. …

Spotify is bringing in Findaway’s full team of around 150, it says, and then plans to build on Findaway’s existing investments in the audio industry. It also plans to bring expanded access to audiobooks to Spotify’s 381 million monthly active users.

For more information, read the article.



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