Swedish Podcast Conglomerate PodX Acquires Lemonada Media for Around $30 Million
Swedish audio conglomerate PodX Group AB is acquiring the majority of Lemonada Media, the network behind podcasts like Julia Louis-Dreyfus' Wiser Than Me and Meghan Markle's Confessions of a Female Founder.
The acquisition, which was announced Tuesday in a statement viewed by Bloomberg, marks the European company's first purchase of a US-based network. PodX is spending around $30 million on the deal, according to a person familiar with the terms. A Lemonada representative declined to comment on the figure.
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