Schibsted ASA (SCHA/SCHB) - Update on Svenska Dagbladet
(Thomson Reuters ONE) -
With reference to the release date 12 May 2015 regarding letter of intent to
form a new media group for subscription newspapers in Sweden including Svenska
Dagbladet and MittMedia.
Since the announcement, Schibsted and MittMedia have held constructive talks,
but the parties have concluded that the preconditions for a transaction are not
in place at the current point in time. The letter of intent will hence expire
this week.
Schibsted still believes that collaboration between the subscription newspapers
would be beneficial, and will continue to be open minded for structural
solutions in the market.
Oslo, 2 December 2015
SCHIBSTED ASA
Jo Christian Steigedal
Head of IR
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schibsted via GlobeNewswire
[HUG#1970705]
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2015 - 09:00 Uhr
Sprache: Deutsch
News-ID 436955
Anzahl Zeichen: 1597
contact information:
Town:
Oslo
Kategorie:
Business News
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