Spotify Expands to Audiobook Market with Acquisition of Findaway

Spotify Technology announced it has entered into a definitive agreement to acquire Findaway, a leading digital audiobook distribution company based in Ohio. Already a strong platform for podcasting and spoken word content, Spotify wants to expand now into audiobooks, greatly increasing the perceived value for it's streaming services. Essentially an audio technology company, Findaway offers a complete audiobook creation and publishing platform.