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  6. Audacy Acquires Podcorn Media

M&A Deal Summary

Audacy Acquires Podcorn Media

On March 10, 2021, Audacy acquired media company Podcorn Media for 23M USD

Acquisition Highlights
  • This is Audacy’s 6th transaction in the Media sector.
  • This is Audacy’s 3rd largest (disclosed) transaction.
  • This is Audacy’s 7th transaction in the United States.
  • This is Audacy’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-10
Target Podcorn Media
Sector Media
Buyer(s) Audacy
Deal Type Add-on Acquisition
Deal Value 23M USD

Target

Podcorn Media

Beverly Hills, California, United States
Podcorn is a self-service marketplace connecting podcasters with advertisers for native sponsorships. Podcorn gives podcasters the creative control to monetize their content with the right brands and enables advertisers to collaborate on organic ads that resonate with listeners, driving business results. Podcorn is based in California.

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Buyer(S) 1

Buyer

Audacy

Philadelphia, Pennsylvania, United States
Category Company
Founded 1968
Sector Media
Employees3,530
Revenue 1.2B USD (2023)
DESCRIPTION

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector: Media M&A 6 of 6
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2021 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 QL Gaming Group

New York, New York, United States

QL Gaming Group is a direct to consumer sports data and iGaming affiliate platform. QLGG operates three consumer-facing data/analytics brands: BetQL (for betting), RotoQL (for daily fantasy), and SquadQL (for season-long fantasy). QLGG has over half a million users across these products and tens of thousands of paying customers. QLGG holds a gaming license in New Jersey to act as an affiliate to sportsbook operators such as DraftKings, FanDuel, BetStars, and more. QL Gaming Group was formed in 2015 and is based in New York, New York.

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