RTTNews | Nov 10, 2020 09:21AM EST

09:20 Tuesday, November 10, 2020 (RTTNews.com) - Graham Holdings Co. (GHC) said Tuesday that it agreed to sell Megaphone to Spotify Technology S.A. (SPOT) for $235 million.

Megaphone is a podcast technology company that provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners.

The deal is subject to regulatory approval and the satisfaction of other closing conditions.

Read the original article on RTTNews ( https://www.rttnews.com/3144869/graham-holdings-to-sell-megaphone-to-spotify-for-235-mln.aspx)

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