Spotify Technology SA has agreed to buy sports and pop-culture outlet the Ringer, the company said Wednesday, as it posted better-than-expected growth in users and said its investment in podcasts is helping convert people who use its free tier into paying subscribers. The Ringer, founded by former ESPN commentator Bill Simmons in 2016, has more than 30 podcasts, and furthers Spotify’s move beyond music into broader audio and digital media. Terms of the transaction weren’t disclosed Wednesday. The Wall Street Journal previously...

Source: Wall Street Journal February 05, 2020 11:13 UTC