Brief: Storytel Acquires Audiobooks.com, Enters U.S. Market

Storytel AB (publ)

12/11/2021 08:26

Nov 12 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * STORYTEL TO ACQUIRE STREAMING SERVICE AUDIOBOOKS.COM -
ENTERING
THE U.S. MARKET
    * HAS SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE
AUDIOBOOKS.COM FROM
KKR
    * PARTIES HAVE AGREED NOT TO DISCLOSE SPECIFIC TERMS DUE TO
COMMERCIAL REASONS.
    * ACQUISITION WILL BE FINANCED THROUGH EXISTING FUNDS AND A
NEWLY
ISSUED SEK 500 MILLION LOAN FACILITY.
    * CLOSING OF ACQUISITION IS EXPECTED TO TAKE PLACE AT END OF
DECEMBER 2021

Source text for Eikon:  ID:nWkr42b2z 
Further company coverage:  STORYb.ST 

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