Spotify, the Sweden-based global audio company has completed a deal to buy US audiobook distribution company Findaway. The deal, first announced last year, has achieved regulatory approval. Spotify intends to expand its remit beyond its historic music and podcasts. Spotify made €10bn of revenue in 2021 from 422m users, of whom 180m subscribe. It seems well placed to expand its offer across this market with audiobooks. Findaway was established in 2005, is based in Ohio and has a portfolio of 325k titles.
Spotify audiobooks deal
