At the time of purchase, was used by about 17% of audiobook buyers, and the acquisition was seen as a way for Storytel to enter the large English-speaking marketplace. In November 2021, RBMedia announced that its property was being sold to Storytel for $135 million. In January 2021 it surpassed 1.5 million paid subscribers. In July 2020 it acquired a 70 percent stake in Icelandic publishing house Forlagið. In September 2019 it acquired Finland's oldest publishing house Gummerus. In 2018, Storytel purchased the Turkish audiobook service Seslenen Kitaplar, and Turkey became the 19th country in which Storytel services exist. In 2017, Storytel expanded its services to Russia, Spain, India and the United Arab Emirates. In 2017, Storytel acquired the Danish publisher People's Press. In 2016, Storytel acquired the Danish book service Mofibo. The company bought one of Sweden's largest book publishers, Norstedts förlag, in 2016. Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson. Its English audiobook service is available in more than 150 countries. It compares with Audible using a monthly credit model, and is available in more than 25 countries. The EQT Public Value advisory team looks forward, pending the Extraordinary General Meeting, to working together with shareholders, board, and management on the next phase of Storytel’s growth journey.Storytel AB is a Stockholm-based e-book and audiobook subscription service. In addition to Storytel, EQT Public Value has previously disclosed positions in Securitas, BHG Group, Storebrand, Biogaia, and AFRY. Through shareholder engagement, EQT Public Value aims to work closely with existing shareholders, boards, and management teams in order to allow that companies reach their full potential and deliver shareholder value. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.ĮQT Public Value seeks to identify minority investments in public companies with market leading positions, strong management teams and significant potential for top-line and earnings growth. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s and Gummerus. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. The Company’s vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere, and anytime. Storytel is one of the world’s largest subscribed audiobook and e‑book streaming services and offers listening and reading of more than 700,000 titles on a global scale. Storytel, listed on Nasdaq First North has a strong track record of organic and inorganic growth in the large and fast-growing audiobook market. Joakim Rubin, Partner within EQT Public Value Advisory Team, is nominated to join the board of directors, subject to approval of an extraordinary general meeting. Stockholm - EQT is pleased to announce that EQT Public Value (“EQT Public Value”) has acquired 6.6 million shares in Storytel AB (“Storytel” or “the Company”), representing an ownership of close to 10 percent of shares outstanding.
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