PodcastOne generates more than 2.1 billion downloads annually. PodcastOne has more than 300 podcasts, including shows from radio personality Adam Carolla, retired professional wrestler Steve Austin and former basketball star Shaquille O’Neal. That has put more pressure on independents such as PodcastOne to diversify and bulk up in order to compete. The acquisition will allow the company to expand into the growing podcast space, which has seen a flurry of dealmaking and consolidation as new players such as Spotify invest heavily in the medium.
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