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 […]
