Mike22332233
Nov 4, 2:11 AM
$PODC
👉NEW BO POSITION: PODC
PODC, the largest pure play podcast company, has recently received BO interest from multiple strategic parties.
The board created a special committee to review potential purchase offers.
They further plan to retain an investment banker / financial advisor to run a formal, competitive process.
A formal buyout by a third party is not the only outcome on the table.
LiveOne (
$LVO) owns approximately 68.8% of PODC common stock. They originally spun out PODC as a separate public company in September 2023 but now might want to absorb PodcastOne back into LiveOne.
$SIRI,
$IHRT, and
$SPOT could also have an interest !!!
Recent Buy Outs of SMALL podcasters has been at a 3x-8x revenues. Estimated 2027 PODC revenues stand at about
$75 million, and at a BO of 2x-3x revenues implies a
$5.00 to
$7.50 valuation !!!
I loaded up here in the last 2 days in this high risk, high reward situation !!
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