Swedish music streaming giant Spotify acquires Podz as podcasts become a rage

As podcasts become a rage, Swedish music streaming company Spotify has acquired a startup called Podz for an undisclosed sum.

Spotify said that it acquired Podz, a small, talented team of entrepreneurs, engineers and designers, to help make the experience even better.

Powered by state-of-the-art machine learning technology, Podz generates high-quality clips that give users the opportunity to preview key moments from podcast episodes, encouraging them to discover and listen to new podcasts.