The transactions are expected to close in the first quarter of 2019 and subject to customary closing conditions. The terms of the transactions were not disclosed.
With these acquisitions, Spotify is positioned to become both the premier producer of podcasts and the leading platform for podcast creators. Gimlet will bring to Spotify its best-in-class podcast studio with dedicated IP development, production and advertising capabilities. Anchor will bring its platform of tools for podcast creators and its established and rapidly growing creator base.
Gimlet tweeted: “Big news: we are very excited to be joining @Spotify!” It included a Spotify tweet that said “Spotify to acquire Gimlet Media Inc. and Anchor. Read the press release here to learn more about how we’re accelerating growth in podcasting:” The tweet included a link to the Spotify press release.
Anchor posted on Medium an article titled “Anchor is joining Spotify”. It clarifies a few things. Anchor says that it will be bringing Anchor’s suite of tools for podcast creation, distribution, and monetization, to Spotify’s community of more than 200 million global users.
Anchor also said: “If you are already using Anchor to make your podcast, today’s news means great things for your ability to create and build your show. To be clear, the way you create, distribute, and monetize on Anchor does not change. We will continue to operate Anchor’s platform as you know it (but now as part of Spotify!), and in fact will only be getting better.”