Krogerus advises Schibsted Media on its acquisition of Telia Company’s TV & Media business

Krogerus acted as Finnish counsel for Schibsted Media on its acquisition of Telia Company’s TV & Media business (TVM), consisting of TV4 in Sweden and MTV in Finland. By agreeing to acquire two of the most popular TV brands in Sweden and Finland, Schibsted Media reaffirms its commitment to investing in independent journalism, high-quality content and attractive media products across the Nordics.

Schibsted Media and TVM will seek opportunities to explore complementary strengths and create positions together within personalisation, advertising, content rights and subscription models. The agreement between Schibsted Media and Telia Company implies an enterprise value of TVM of SEK 6.55 billion on a cash and debt-free basis. The transaction is anticipated to close in Q3 2025 at the latest, subject to customary regulatory approvals.

The Krogerus team was led by Partner Mika Ståhlberg and Senior Associate Andreas Brink, and they were primarily assisted by Associates Henrik Lyytikäinen, Inessa Kiili and Aleksi Kärnä. Partner Simo Autio advised on regulatory matters and he was assisted by Senior Associates Essi Miettinen and Eveliina Tanskanen and Associate Maria Hirvelä. Senior Associate Jenna Hallikainen and Associate Ada Hård af Segerstad advised on employment matters. Partner Kalle Hynönen advised on technology matters and he was assisted by Associates Maria Lilius, Riku Toivio and Aleksi Yli-Houhala.