Schibsted

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Schibsted ASA
Schibsted Marketplaces
Company type Allmennaksjeselskap
OSE: SCHA
OSE: SCHB
Industry Mass media
Founded1839;186 years ago (1839)
Headquarters Oslo, Norway
Key people
Revenue NOK 14.6 billion (2021)
Owners Tinius Trust
Government Pension Fund of Norway
Foreign banks
NWT Media AS
Others [1]
Number of employees
5000+
Subsidiaries Trader Media East
Website www.schibsted.com

Schibsted ASA is an international media group. The company has its headquarters in Oslo, Norway, and is listed on the Oslo Stock Exchange. The CEO is Christian Printzell Halvorsen. [2]

Contents

In 2019, Schibsted spun off the majority of their online marketplaces business area into a new company called Adevinta  [ no ]. Brands such as eBay Kleinanzeigen, Leboncoin.fr and Shpock were included, and stakes in similar websites across Europe were also transferred. [3] As of December 2022 Schibsted continues to hold a 22.8% stake in the company. [4]

In 2024, Schibsted sold its media operations to The Tinius Trust through Blommenholm Industrier transforming Schibsted into two more focused companies: a media company, known as Schibsted Media, fully owned by the Trust and a publicly listed marketplaces company, known as Schibsted Marketplaces (becoming the original company's legal successor) until a new name has been announced. [5] The CEO for Schibsted Media is Siv Juvik Tveitnes.

The following year, Schibsted Marketplaces announced its full rebrand of its brand operations to Vend which would take effect during Q2 2025. [6]

On 25 February 2025, Schibsted Media announced the acquisition proposal of the TV4 Media for 6.55 billion SEK. The acquisition expected to end in the third quarter of 2025, following regulatory approval. [7] [8]

History

In 1839, Christian Michael Schibsted founded the publishing company Chr. Schibsteds Forlag and in 1860, he started publishing the newspaper Christiania Adresseblad, from 1885 known as Aftenposten . In 1966, Schibsted also acquired Verdens Gang (VG). These were Norway's two largest newspapers, with VG surpassing Aftenposten in 1981. In 1989, under the leadership of Tinius Nagell-Erichsen, Schibsted went from being a family-owned company to a corporation, and was listed on the Oslo Stock Exchange in 1992. From 1992 to 2006, Schibsted owned part of TV 2, and in 2004 Schibsted bought part of TV 4 Sweden. While retaining its newspapers division, the company later shifted its focus from television to Internet classifieds/marketplaces, such as Finn.no  [ no ], Blocket.se  [ sv ],Tori.fi  [ fi ], [2] and InfoJobs. [9] In 2021 Schibsted acquired dba.dk  [ dk ] and Bilbasen  [ dk ].

References

  1. ↑ Proff.no – as of April 2016
  2. 1 2 "Schibsted". Store norske leksikon (in Norwegian). Retrieved 25 November 2021.
  3. ↑ "Schibsted will be divided into two companies". Adevinta. Retrieved 2022-12-18.
  4. ↑ "Schibsted - Schibsted ASA (SCHA/SCHB) - Successfully completed sale of existing shares in Adevinta ASA". Schibsted. Retrieved 2022-12-18.
  5. ↑ "Schibsted ASA completes sale of news media operations". Schibsted Marketplaces. Retrieved 2025-01-27.
  6. ↑ "Schibsted Marketplaces reveals new corporate brand name, Vend". Schibsted Marketplaces. 2025-01-14. Retrieved 2025-02-25.
  7. ↑ "Nordic Schibsted to acquire commercial broadcaster MTV". Yle News. 25 February 2025. Retrieved 7 March 2025.
  8. ↑ "Schibsted Media agrees to acquire TV4 in Sweden and MTV in Finland from Telia Company". Schibsted Media. 25 February 2025. Retrieved 7 March 2025.
  9. ↑ prnoticias, redacción (2009-10-19). "Schibsted adquiere el 100% de Infojobs". PR Noticias (in Spanish). Retrieved 2023-11-23.
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