Annika Pham Oslo-based heavyweight news-led Schibsted Media has agreed to acquire from Nordic and Baltic telco Telia its TV and Media business led by flagship TV companies TV4 in Sweden and MTV in Finland, the partners announced Tuesdsay.
The transaction, worth SEK 6.55 billion ($615.3 million), is anticipated to close in the third quarter of 2025 at the latest, subject to customary regulatory approval.
Telia’s TV & Media business employs around 1,200 staff members across Sweden and Finland. In Sweden, it comprises Sweden’s leading commercial TV4 advertising-funded and pay-TV channels, the TV4 Play streaming service, on top of the Fotbollskanalen and Köket websites.
The Finnish operations include the long-standing leading commercial broadcaster MTV and its pay-TV channels, alongside its Katsomo streamer.
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