Storytel acquired audiobook service iCast Ltd from Israel

Storytel AB, a Stockholm, Sweden-based audiobook and e-book provider, announced getting into an agreement for acquiring iCast Ltd , an audiobook streaming pioneer on the Israeli market.

The acquisition has the financial details unidsclosed and lays the foundations for Storytel’s launch in Israel in the first quarter of 2021.

iCast Ltd was originally founded and launched as a podcast service in 2006, and started to be active into the audiobook market in 2010. The company now has a catalogue of 2,500+ titles in Hebrew, including bestsellers and classics such as Margaret Atwood’s The Handmaid’s Tale, Yuval Noah Harari’s Sapiens: A Brief History of Humankind, F. Scott Fitzgerald’s The Great Gatsby, David Baldacci’s crime novels, and best-selling titles by prominent Israeli authors such as Meir Shalev, David Grossman and Amos Oz.