Readly

Last updated
Readly AB
Company type Public
Nasdaq Stockholm:  READ
Founded2012;13 years ago (2012)
FounderJoel Wikell
Key people
Philip Lindqvist (CEO)
OwnerReadly AB
Website readly.com

Readly AB is a Swedish digital newspaper and magazine subscription service with content from over 1200 third-party publishers, available via browser and mobile app for a monthly fee. [1]

Contents

History

Readly was founded in 2012 by Joel Wikell. [2] [3]

Readly launched in the United Kingdom in 2014 [4] and thereafter in Germany 2015, [5] In 2016, Readly discontinued its eBook service. [6]

In 2018, Readly expanded to the Netherlands, [7] Italy 2019, [8] and Australia and New Zealand in 2020. [9]

In September 2020, Readly listed its shares on Nasdaq Stockholm Midcap. [10] [11]

In March 2021, Joel Wikell, the founder of Readly, left the board of directors. [12] In November 2021, Readly acquired Toutabo SA, the French editor of the digital newsstand ePresse. [13]

In May 2023, Philip Lindqvist was appointed as the new CEO. [14]

In June 2025, Bonnier Group took their holdings in Readly to 96.45%. [15] They had previously announced their intention to delist Readly and forcibly acquire the remaining 3.55% of shares for full ownership. [16]

References

  1. ↑ Rowe, Adam. "Readly UK". Forbes.
  2. ↑ Nilsson, Patricia (2019-10-07). "Sweden's Readly vies with Apple to be the Spotify of magazines". Financial Times. Retrieved 2023-09-23.
  3. ↑ "Readly has become the leader in digital magazine subscriptions". The CEO Magazine. Retrieved 2021-02-22.
  4. ↑ "Readly app launches in UK with 120 magazines". The Independent. 2014-03-28. Retrieved 2021-03-17.
  5. ↑ "Swedish subscription magazine service Readly takes in €13.3 million". Tech.eu. 17 May 2017. Retrieved 2021-03-17.
  6. ↑ CarlssonText, Sven (April 26, 2016). "Sparkad Readly-chef går lottlös ur rättstvist". Dagens industri.
  7. ↑ "Readly expands its operations in Europe and enters the Netherlands". FIPP. 2018-12-10. Retrieved 2021-03-17.
  8. ↑ Loritz, Mary (2019-06-19). "Swedish magazine subscription app Readly raises €15 million". EU-Startups. Retrieved 2021-03-17.
  9. ↑ Blackiston, Hannah (2020-04-15). "'All you can read' magazine app Readly launches in ANZ with Bauer Media and Next Media onboard". Mumbrella. Retrieved 2021-03-17.
  10. ↑ "Positiv börsdebut för omskakat Readly". September 17, 2020 – via www.svd.se.
  11. ↑ "Positiv börsdebut för omskakat Readly". Smålandsposten. September 18, 2020.
  12. ↑ DigitalText, Di (March 29, 2021). "Readlys grundare lämnar styrelsen". Dagens industri.
  13. ↑ "Readly köper fransk tidningstjänst". October 6, 2021 – via www.svd.se.
  14. ↑ "Ny vd för Readly utsedd". May 30, 2023 – via www.svd.se.
  15. ↑ "Tidnings AB Marieberg announces the outcome for the recommended cash offer to the shareholders of Readly International AB". June 3, 2025 – via www.news.cison.com.
  16. ↑ "Bonnier News initiates compulsory redemption and Readly applies for delisting". May 27, 2025 – via www.readly.com.
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