Investment in media houses and the online classified business

Schibsted takes over full control of the French online classifieds giant Leboncoin.fr, which is valued at EUR 400 million. Leboncoin.fr is Europe’s third-largest online classified site.

The company is based on the Blocket concept, which is exported to 15 countries by the end of 2010.

Also:

  • Schibsted’s management conference in Tallinn is opened by Andrus Ansip, Prime Minister of Estonia, who thanks Schibsted for the positive role it has played in developing the Estonian media industry.

 

  • The profitability program continues, and the bar is raised from NOK 1.6 billion to NOK 1.7 billion. Schibsted continues to focus on two strategic areas: media houses and the online classifieds business.