Schibsted Media has acquired TV4 in Sweden and MTV Oy in Finland from Telia Company for SEK 6.55 billion (~EUR 580 million) to enhance its presence in the Nordic media landscape.

Target Information

Schibsted Media, a prominent Nordic media entity, has entered into a significant acquisition agreement with Telia Company. The deal involves the purchase of TV4 in Sweden and MTV Oy in Finland for a total value of SEK 6.55 billion (approximately EUR 580 million). Schibsted Media boasts a robust portfolio of acclaimed news brands across the Nordics, including VG, Aftonbladet, Aftenposten, Svenska Dagbladet, Bergens Tidende, Stavanger Aftenblad, Omni, Podme, and E24.

By acquiring the TV4 media group, Schibsted enhances its offerings in the commercial television sector, acquiring leading television brands such as TV4 in Sweden and MTV 3 in Finland. This strategic acquisition positions Schibsted to strengthen its market presence in the Nordic media landscape.

Industry Overview in Sweden and Finland

The media industry in Sweden has undergone significant transformation over the past decade, fueled by advancements in technology and changing consumer behaviors. Digital media consumption has risen dramatically, leading