12:51 AM EDT, 08/12/2026 (MT Newswires) -- Acast (ACAST.ST) agreed to acquire US-based Backyard Ventures for $20 million on a cash- and debt-free basis, according to a Tuesday release. Under the membership interest purchase agreement, the Swedish podcast market company will make a cash payment of $16 million at closing, with the remaining $4 million to be settled in Acast shares as deferred consideration. The Backyard Ventures brand will eventually retire as the company is integrated into Acast. Acast expects the transaction to strengthen its position as the world's largest pure-play podcast company and support long-term value creation.

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