The stock of online spoken-word audio provider Audible (Nasdaq: ADBL) roared on Monday after the company announced that it had expanded its deals with two online audio heavyweights. Shares of Audible, which offers premium audio content, closed up nearly 30 percent, rising 3-3/16 to 13-7/8.
On Monday, Audible announced a new deal with RealNetworks. Audible will provide users of RealNetworks’ RealPlayer G2 with instant desktop access to its spoken-audio library. In addition, Audible’s content will be available for purchase on RealNetworks’ online store.
Audible also announced that it had expanded its relationship with Microsoft. Audible will use its audio offerings to support Microsoft’s Windows Media software. The news about Microsoft isn’t at all surprising — and investors can expect more of the same in the future — because the software giant has an equity stake in Audible. Another key investor is Audible is AT&T.