We are therefore excited to announce that Mofibo and Storytel have chosen to merge their respective business, and Storytel has therefore as of today bought 100% of the shares in Mofibo. With a business like Mofibo, scale is the key to success. Strunge, Mofibo c.e.o., said: “I am very proud of what Mofibo has become in just a few years, and how we have done our part in innovating the book industry and successfully reached out to new readers and listeners. Mofibo currently offers unlimited e- and audio-books for a fixed price a month in Danish, Swedish and Dutch markets. It now aims to “speed up its growth” following its acquisition by Storytel. The service, founded in 2013, was among the first in the world to launch a digital book subscription service and has more than 100,000 subscribers. The company has just acquired Mofibo for £13.3 million and is now the largest streaming service for audiobooks in Europe. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.Storytel is the leading audiobook streaming service and currently operates in Sweden, Norway, Denmark, the Netherlands, Poland and Finland. stands in the way of the listening experience (Mofibo 2021) instead.
#Mofibo storytel series
Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s Press and Gummerus. Looking at Storytel's author guidelines for the Originals series provides insight. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Our vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 700,000 titles on a global scale.
Sofie Zettergren, Chief Financial Officer (CFO), StorytelĮmail: Panas, Head of Global Communications, Storytel FNCA can be reached at or +46 8 528 00 399.
#Mofibo storytel registration
The subscription and allotment of shares has gone according to plan and the increased Storytel share capital has been filed for registration with the Swedish Companies Registration Office.įNCA Sweden AB is the company’s certified adviser. The subscription price in the issue of approximately SEK 223.19 was calculated as the volume weighted average price for the Company's class B share during the 20 trading days at Nasdaq First North Growth Market which precedes three trading days prior to 23 June 2021.
The newly issued shares will represent approximately 0.0344 percent of the total number of shares and votes in Storytel on a fully diluted basis. The total number of Storytel shares following the issue amounts to 68,281,911 shares, divided into 635 class A shares and 68,281,276 class B shares.
Send din idé til storyteloriginalstorytel.dk. Send istedet en pitch (max 2 A4-sider), så kontakter vi dig, hvis vi vurderer, at det passer til vores Storytel Original format. Following the issue, the share capital will amount to SEK 34,140,955.50. Eftersom vores metode går ud på at arbejde sammen med forfatterne, modtager vi ikke færdige manuskripter. Through the share issue 23,482 new class B shares have been issued today. As previously communicated, the purchase price will partially be paid in cash and partially through the issue of Storytel AB (publ) shares. On 20 August 2021, Storytel’s acquisition of 100 percent of the shares in the Finnish publishing house Aula & Co was completed.
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