Storytel enters the U.S. with acquisition of Audiobooks.com
12/11/2021 08:40
STOCKHOLM, Nov 12 (Reuters) - Swedish audiobook streaming
group Storytel STORYb.ST said on Friday it had agreed to buy
Audiobooks.com, marking its entry into the U.S. market.
The acquisition will be financed through existing funds and
a newly issued 500 million Swedish crown ($57.26 million) loan
facility, Storytel said in a statement. It did not disclose the
terms of the deal.
($1 = 8.7322 Swedish crowns)
(Reporting by Anna Ringstrom; Editing by Simon Johnson)
((anna.ringstrom@thomsonreuters.com; +46 8 502 423 74; Reuters
Messaging: anna.ringstrom.thomsonreuters.com@reuters.net))