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Schibsted acquires Telia's TV & Media business

Jul 01, 202515 days ago

Acquiring Company

Schibsted

Acquired Company

Telia

NorwaySolnaInternetE Commerce

Description

Telia Company has completed the sale of its TV & Media business to Schibsted for SEK 6.55 billion. The transaction was first announced in February and is structured on a cash and debt-free basis. Telia continues a partnership for content distribution with TV4 and MTV. The proceeds from the sale will be used for deleveraging purposes.

Company Information

Company

Schibsted

Location

Norway

About

Schibsted is a leading media group in the Nordic region. The company operates a variety of online classifieds platforms, media outlets, and marketplaces. Schibsted's mission is to empower people in their daily lives by providing relevant information and services. It is headquartered in Oslo, Norway, and has a strong digital presence.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed