Spotify to buy third podcast company Parcast

The Spotify logo hangs on the facade of the New York Stock Exchange as the company lists on a stock with a direct quotation in New York, USA, 3 April 2018. REUTERS/Lucas Jackson

(Reuters) – a Spotify Technology SA said on Tuesday it has agreed to buy Parcast, the third podcast is a company in the purchase of two months, in a continuing quest to transform itself into the Netflix of audio.

Spotify has no information about the terms of the deal, but said earlier that it had intended to $500 million in 2019 for acquisitions.

Parcast, founded in 2016, is specialized in crime and mystery-themed audio content. We started with 18 premium podcast series, including “Serial Killers,” ” Unsolved Murders,” “Sects” and “Conspiracy Theories.”

In February, Spotify, the world’s most popular music streaming service, agreed to buy, both Gimlet Media, a podcast producer, and an Anchor, a podcast services company.

Reporting by Kenneth Li; Editing by Leslie Adler

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