Storytel acquires companies in Bulgaria, Turkey and Iceland
Storytel has acquired in three transactions; the Bulgarian company D&D Factory that provides the audio-books service Audioknigi; the Turkish audio-book company Seslenenkitap; and the Icelandic audio-book publisher and internet retailer Skynjun. All these companies are leading providers of audio-books in their markets.
Storytel views Bulgaria, Turkey and Iceland as markets with a large potential for audio-books. These acquisitions are in line with Storytel’s strategy of growing globally.
Storytel’s expansion has been fantastic and we are pleased to have been chosen to advise Storytel on their continued growth internationally,
says Tobias Edenman, partner at Baker McKenzie in Stockholm.