March 14, 2012 / 8:23 AM / in 6 years

Norway's Schibsted settles for 74.3 pct in Aspiro

OSLO, March 14 (Reuters) - Norwegian media group Schibsted has stopped buying shares in Aspiro after raising its stake in the Swedish mobile-streaming services firm to 74.3 percent following a bid that valued the target at 340 million Swedish crowns ($50.3 million).

“Schibsted has now terminated the purchase of shares in the market,” Schibsted said on Wednesday. ($1 = 6.7640 Swedish crowns) (Reporting by Victoria Klesty; Editing by Mark Potter)

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