Telia Company divests TV4 Media to Schibsted Media

Telia Company has entered into an agreement to divest its TV and Media business, including the TV4 brand in Sweden and the MTV brand in Finland, to Schibsted Media at an enterprise value of SEK 6.55 billion on a cash and debt-free basis.

The transaction is in line with Telia’s active portfolio management and focus on growth of its core business. Schibsted Media is a strategic and long-term Nordic owner that can further develop the TV & Media business. Through a multi-year partnership, Telia will continue to distribute TV4 and MTV’s content as part of its consumer TV offering.

Completion of the transaction is subject to customary regulatory approvals. The transaction is expected to close in the third quarter of 2025 at the latest.

Mannheimer Swartling advised Telia in the transaction.