Podcaster Audioboom hits right note with Singapore investor

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The AIM-listed company will announce a placing after calling off a formal sale process, Sky News learns.

Audioboom's sale process is understood not to have yielded an offer that met its valuation objectiveAudioboom, the London-listed podcasting group, will on Wednesday announce a multi-million pound fundraising after deciding to call off a long-running auction.

City sources said the stake was being placed with One Nine Two, a Singapore-based company focused on technology-oriented growth companies.Audioboom wants to invest in its stable of original content which currently includes contributions from Sue Perkins

 

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