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Media_Marketplaces_sign

Schibsted and Tinius Trust sign final agreement on sale of news media operations

Schibsted ASA (“Schibsted”) today announced that it has signed a final agreement (the “Agreement”) regarding the sale of its news media operations to the Tinius Trust through Blommenholm Industrier AS (collectively the “Trust”). The Agreement is a key milestone in the transformation of today’s Schibsted into two more focused companies: a media company fully owned by the Trust and a publicly listed marketplaces company.

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Andrew Kvålseth

Andrew Kvålseth to leave Schibsted

Andrew Kvålseth, EVP Growth and Investments and Chief Investment Officer of Schibsted, has decided to leave Schibsted for an external opportunity.

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Schibsted ASA completes sale of news media operations

Schibsted ASA (“Schibsted” or “Schibsted Marketplaces”) today announces that the divestment of its news media operations to the Tinius Trust through Blommenholm Industrier AS (collectively the “Trust”) has been completed.

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CPH_cost measures

Schibsted ASA initiates organisational changes and cost measures

Schibsted ASA (“Schibsted” or “Schibsted Marketplaces”) today announced the first steps to optimise costs and improve efficiency in the process of transforming into a more focused marketplaces company. On 24 June, Schibsted will enter into employee consultations regarding planned organisational changes that would reduce its workforce by an estimated 250 positions.

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