Wondery is expected to garner at least $200 million if it pursues a sale.
, the company behind hits “Dr. Death” and “Dirty John,” the podcast series it created with the Los Angeles Times, has hired financial advisers to explore strategic options, including a potential sale, hoping to cash in on growing interest from technology and media firms.
Wondery has a pipeline of podcasts that could be turned into TV series, said one of the people, who asked not to be identified because the matter isn’t public., the streaming-music giant, has emerged as the biggest buyer of podcasting studios, spending hundreds of millions of dollars on Gimlet Media, the Ringer and Parcast. Gimlet and the Ringer were both valued at more than $200 million apiece in those deals.
Wondery faces two hurdles in its sale, however. The company doesn’t own the intellectual property for a couple of its shows, and its founder, former TV executive Hernan Lopez, is under a legal cloud. He has been charged with bribing soccer officials when he worked for 21st Century Fox. Lopez has pleaded not guilty.
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