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PodcastOne formed a board committee and plans to hire a financial advisor after receiving interest from multiple strategic parties. Talks are ongoing, with no assurance of a transaction.
PodcastOne says its board believes the company’s current valuation does not reflect its market position, scale and data assets. The board intends to retain a financial advisor.
PodcastOne says its board formed a special committee and intends to retain a financial adviser following inbound strategic interest.