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Podcaster Wondery Explores Sale for Hundreds of Millions

  • Financial advisers hired to evaluate strategic options
  • Wondery has gained following with hit shows like ‘Dirty John’
   
Photographer: Andrew Harrer/Bloomberg
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Wondery Inc., the company behind hit podcasts “Dr. Death” and “Dirty John,” 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 is expected to garner at least $200 million if it pursues a sale and could fetch as much as double that, which would represent the biggest podcasting transaction to date, according to people familiar with the matter. Even the low end of that range is twice its valuation when Wondery announced a fund-raising round in June 2019.