The pandemic has battered the fortunes of some of Britain's wealthiest tycoons – but life looks sweet again for Nick Candy as a bidding war for a podcast firm he backs gathered steam this weekend.
The property billionaire holds a 15 per cent stake in Audioboom, which he says is 'on steroids' following the pandemic. The business, which turned its first profit last year, has attracted takeover interest from Amazon and Spotify, as well as Swedish podcast firm Acast and Virgin Media O2 owner Liberty Global.
Now it has emerged that Sony Music, part of the £96billion Japanese tech giant, is also interested. Senior sources close to the deal said Sony had entered the fray.
But sources at Sony distanced it from the takeover frenzy, and the Japanese giant declined to comment. Audioboom, which listed on AIM eight years ago, has recently rocketed in value.
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