Schibsted has today acquired 79% of Finnish consumer-to-business (C2B) used car auction marketplace AutoVex. With the acquisition Schibsted shows both its commitment to continue to explore opportunities in the Finnish market, as well as strengthening its marketplace position already established through Oikotie and Tori with new verticals. AutoVex is the
The European Commission today announced that it has sent a Statement of Objections to Meta over anticompetitive conduct, particularly in online classified ads, that violates EU competition rules. Schibsted has actively followed the file and also given input to the Commission. We, therefore, appreciate that the Commission today has
How can we spur innovation when times are tough? Will crypto survive the winter and revolutionise our trading system? And what will happen if China really wins the tech war? Schibsted’s Future Report is our annual outlook on trends within tech, people and business, where employees across Schibsted’s family of
The successful Norwegian startup Dintero which has tripled its growth since March 2021, has completed a funding round of NOK 30M in which Schibsted continues to participate alongside other investors. Dintero delivers an all-in-one payment solution for online shops that integrate all popular payment methods as well as giving platforms
In two stock exchange releases yesterday afternoon, Schibsted announced that the company is selling almost 24.5 million shares in Adevinta, corresponding to approximately two percent of Adevinta’s issued shares. In addition, the company enters into a so called total return swap (TRS) of around 3 percent of Adevinta’s issued shares.
Jussi Lystimäki will take the role as Head of Ventures from January 1. Going forward, there will be an an increased focus on investing closer to Schibsted’s core business by, amongst other things, strengthening the portfolio with marketplace business models. Jussi comes from the role as CEO of Schibsted Marketplaces
Schibsted Futures Lab is now established. The new lab has picked three scenarios for the future to explore. “Since April last year Schibsted’s management has – together with Future Today Institute – spent much time exploring different scenarios for the future. One of the conclusions in the project was that
To meet e-commerce’s need for smart and sustainable distribution solutions Sweden’s largest media houses announce their ambition to create a joint company for distribution solutions in e-commerce by merging Dooris and Early Bird. Co-determination (MBL) negotiations with the respective trade unions have therefore started today. The unique opportunity to deliver
The life expectancy of large corporations is falling. And Schibsted’s Head of Diversity, Inclusion and Belonging, Sumeet Singh Patpatia, things he knows why. Let’s take a look at some numbers: 52% of the 500 largest companies in the USA (included in the S&P 500 index) disappeared from 1955 to 2016.
Nomono develops a hardware and software solution for simpler, less time-consuming and better productions of podcasts and other media recordings. The company has a patented solution where the physical recording equipment is combined with software in the cloud. With Schibsted Ventures on board on the ownership side, the company will
Digitisation has led to a number of new operating methods in the real estate industry, such as e-sales of homes and digital styling. With new solutions, the sale processes have also changed. Schibsted is now investing in Finnish Linear, whose service enables realtors to manage the entire assignment in the
Creating the world’s largest peer-to-peer rental platform Hygglo is taking a major step into the international market by acquiring British competitor Fat Llama, founded in 2016, London. The combined company will be the world’s largest P2P rental platform with customers in Europe and the US. Both companies share the idea