Graham Holdings Company Completes Sale of Megaphone to Spotify
Graham Holdings Company (NYSE: GHC) has successfully completed the sale of its podcast technology subsidiary, Megaphone, to Spotify Technology S.A. (NYSE: SPOT). Megaphone specializes in offering hosting and ad-insertion solutions for publishers and tailored ad sales for brand partners. This strategic sale is expected to enhance GHC's focus on its core business operations and potentially improve financial performance in the long term.
- Completion of Megaphone sale to Spotify enhances GHC's focus on core operations.
- None.
ARLINGTON, Va.--(BUSINESS WIRE)--Graham Holdings Company (NYSE: GHC) announced today that it has completed the sale of Megaphone to Spotify Technology S.A. (NYSE: SPOT). Megaphone is a podcast technology company that provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners.
