Shareholders31 Mar 2023 22:14
Candy top guy as he’s helped Boom in many many ways. Together with Tobin they financed Minimum Guarantees for top podcasters and also bridging liquidity in early days. Audioboom have proved to be cash generative, profitable ( by usual investment metrics), and outperforming the market. The fact that Bonnier can potentially hurt Boom is ridiculous. Sargent showed his colours in fronting the absurd offer by AAA for Audioboom 18 months ago.
But we have to focus on the business and if others want to try and piggy back on Bonnier right now I think they will burn their fingers badly. There are serious companies out there interested in Boom and my money is on Sirius. They own the FI. Boom has just renewed a 2 year contract. Boom started Beyond the Grid and kept it for 6 years. Wondery must have been throwing money at trying to get the contract. But boom kept it. That tells a lot.