{"id":316200,"date":"2021-11-12T15:44:39","date_gmt":"2021-11-12T15:44:39","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=333292"},"modified":"2021-11-12T15:44:39","modified_gmt":"2021-11-12T15:44:39","slug":"storytel-enters-us-with-135m-audiobooks-com-buy","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/11\/12\/storytel-enters-us-with-135m-audiobooks-com-buy\/","title":{"rendered":"Storytel enters US with $135M Audiobooks.com buy"},"content":{"rendered":"

<\/p>\n

\tSwedish audiobook streaming service Storytel agreed to take over Audiobooks.com from investment company KKR for $135 million, in an effort to set foot in the US market as part of its growth strategy.<\/p>\n

In a statement, Storytel explained the deal will help it extend its path to expansion and profitable growth by entering the largest English-speaking audio market globally, in line with a strategy to launch services in well-established markets.<\/p>\n

Storytel will finance the deal through existing funds and a SEK500 million (approximately $57 million) bridge loan facility, and expects its completion in December, subject to customary regulatory approval.<\/p>\n

Company CEO Jonas Tellander explained it aimed to make \u201caudiobook listening as popular on the English-speaking markets as it has become in recent years in the Nordics\u201d.<\/p>\n

Storytel currently operates in 25 markets in Europe, the Middle East, Latin America and Asia. With the acquisition, it brings 300,000 audiobooks to its catalogue.<\/p>\n\n

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Swedish audiobook streaming service Storytel agreed to take over Audiobooks.com from investment company KKR for …<\/p>\n

The post Storytel enters US with $135M Audiobooks.com buy<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Storytel enters US with $135M Audiobooks.com buy - ITTeacherITFreelance.hk","description":"Swedish audiobook streaming service Storytel agreed to take over Audiobooks.com from investment company KKR for ... The post Storytel enters US with $135M Audio"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/316200"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=316200"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/316200\/revisions"}],"predecessor-version":[{"id":316201,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/316200\/revisions\/316201"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=316200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=316200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=316200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}