Spotify started supporting podcasts three years ago, and now the service is one of the most popular ways to catch up on audio shows. Rumors began to circulate last week that Spotify might buy podcast production company Gimlet Media, and now that has been confirmed — along with the purchase of Anchor.

Gimlet Media is a podcast production company and network, with shows including The Cut, Reply All, Science VS, and The Pitch. According to Recode, Spotify paid $230 million for Gimlet. Anchor, a podcast publishing and monetization company, is also being purchased.

"These acquisitions will meaningfully accelerate our path to becoming the world’s leading audio platform,” said Daniel Ek, Spotify co-founder and CEO. "We are proud to welcome Gimlet and Anchor to the Spotify team, and we look forward to what we will accomplish together."

In Spotify's Q4 results, the company said it plans to spend up to $500 million on podcast acquisitions this year, and that podcast listening will eventually make up 20% of the platform's usage.

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