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Bill Simmons scores massive sale as Spotify buys his publication, The Ringer, for reported $250 million

Bill Simmons

  • Spotify reportedly spent $250 million to acquire The Ringer, an online publication for sports and pop culture, Bloomberg reported.
  • The purchase, which Spotify confirmed last week, is the streaming platform’s latest move to grow its presence in podcasting, and follows recent purchases of Gimlet Media, Anchor, and Parcast.
  • The Ringer, which has more than 40 podcast titles, was founded in 2016 by ESPN sports journalist Bill Simmons.
  • Simmons’ exact ownership stake in The Ringer isn’t known, but the deal is expected to be a huge payday for the media founder.
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Source:: BusinessInsider.Com