Spotify will pay Bill Simmons as much as $196 million to acquire The Ringer in a deal that will instantly boost the streaming service's sports and pop culture company, and bring a high-powered name to its roster of podcasting content.

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Talk about comebacks.

Bill Simmons, who was let go by ESPN in 2015 in an at times bitter separation, may have just made a huge payday selling his The Ringer podcast network to Spotify. Terms of the deal were not disclosed, but there have been numerous reports this year that Simmons was shopping the company with a $200 million asking price.

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