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June 22, 2016By Sarah Weinman

Nordstedts Sold to Storytel

June 22, 2016By Sarah Weinman

Subscription audiobook and ebook streaming service Storytel has acquired Norstedts, Sweden’s oldest publisher, for SEK 152 million (or 16.3 million euros.) Nordstedts has been owned by co-operative union and retail group KF since 1997; the 11-year-old Storytel adds Nordstedts to its expanding roster, having acquired Swedish publishers Massolit and B Wahlströms in 2015 and Danish ebook and audio streaming service Mofibo last month. Storytel, as part of the deal, also acquires Rabén & Sjögren, which has been owned by KF since 1947, as well as Norstedts’ wholly owned subsidiaries Böckernas Klubb, Norstedts Kartor, Kartcentrum i Stockholm, and Gammafon Barnmedia. Storytel also […]

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Filed Under: Finance, International News

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