Skynjun, Icelandic publisher of audiobooks, has been acquired by Sweden’s Storytel. The purchase is payed for with shares in Storytel priced at a 30 day weighted price point. In the end of 2019, an additional, performance based earn-out payment. The total payout is estimated at €200K.
Storytel’s acquisition of Skynjun is one of three recent acquisitions of local audiobook publishers, Breakit reports. The others are from Bulgaria and Turkey.
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