Divestiture • Media

Sparebankstiftelsen DNB Acquires Amedia AS

On February 22, 2016, Sparebankstiftelsen DNB acquired media company Amedia AS from Telenor

Acquisition Context
  • This is Sparebankstiftelsen DNB’s 1st transaction in the Media sector.
  • This is Sparebankstiftelsen DNB’s 1st transaction in Norway.

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M&A Deal Summary

Date February 22, 2016
Target Amedia AS
Sector Media
Buyer(s) Sparebankstiftelsen DNB
Sellers(s) Telenor
Deal Type Divestiture

Target Company

Amedia AS

Oslo, Norway
Amedia AS is a media company providing regional newspaper with online newspapers and printing presses, local TV channels and local radio channels.
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Buyer Overview 1

Buyer

Sparebankstiftelsen DNB

Oslo, Norway

Category Company
Founded 2002
Sector Business Services
DESCRIPTION

Sparebankstiftelsen DNB is an independent Norwegian foundation with an objective to contribute to charitable causes.


Deal Context for Buyer #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
Country: Norway 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

Telenor

Fornebu, Norway

Category Company
Founded 1855
Sector Communications
Employees10,867
Revenue 79.9B NOK (2024)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.


Deal Context for Seller #
Overall 3 of 12
Sector: Media 1 of 1
Type: Divestiture 3 of 11
Country: Norway 2 of 5
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Tapad

New York, New York, United States

Tapad, Inc. provides cross-device data, digital linking, and distribution services. Tapad correlates data to connect brands to consumers globally across devices in a safe, privacy-first way via The Tapad Graph. Through innovation, a global roster of trusted data sources and methodologies, and strong customer relationships, we’re driving the industry toward realizing the full potential of digital advertising through identity resolution. Tapad was founded in 2010 and is based in New York City.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 701Search Pte

Singapore, Singapore

701Search Group operates an online classifieds business specialising in building and growing online marketplaces in Malaysia, Vietnam and Myanmar.

Buy $109M

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