AIM-listed podcast platform Audioboom, which is backed by Nick Candy, is seeking a reverse takeover of US company Triton for £134m.
Audioboom, which is worth around £35m, proposes to raise £155m through a share issue.
If the deal goes through the company plans to change its name to Triton Digital Group. Triton’s Neal Schore will become chief executive and Mark Rosenbaum chief executive officer.
Audioboom’s current chief executive officer, Robert Proctor, will remain on the board as an executive director.