![]() “The last few years have Storytel taken the lead on the Swedish market for book streaming in a similar way like Spotify has done in music and Netflix has done in the TV series. ![]() Storytel, also founded in this region in 2005 in Lund, back then known as Bokilur, is since 2015 listed on Aktietorget, and has had an impressive growth. “I am proud of what Mofibo has achieved in a short time – it’s great to see an idea you have had becoming a business with 30 dedicated employees, playing an important role in shaping the future of the book market, and being read or listened to more than 100 000 books every month.” says Morten Strunge, CEO and founder of Mofibo. With the acquisition Morten Strunge will become part of Storytels management team and responsible for Storytels operations in Denmark and Holland. Mofibo also has partnerships with mobile operators TDC, 3 and Plenti, and the service is also available in Sweden and Holland. In Denmark Mofibo the leading book streaming service with over 40 000 paying subscribers. Mofibo was founded in 2013 by Morten Strunge, who previously in 2011 sold his company Onfone to Danish mobile operator TDC, and also just was in the news for investing in Rubberduck. The deal is worth 100 million DKK, € 13.5 million. 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.Mofibo, the online book streaming service, announced last week that they have been acquired by Storytel. ![]() 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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