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Schibsted ASA (SBSTB.OL)

SBSTB.OL on Oslo Stock Exchange

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Tue, Jan 9 2018

Norway's Schibsted eyes more acquisitions

OSLO, Jan 9 Norwegian media company Schibsted's Chief Executive Rolv Erik Ryssdal expects to make further acquisitions in online classifieds and is not threatened by competition from Facebook's Marketplace, he told Reuters on the sidelines of a conference on Tuesday.

BRIEF-Schibsted prices offering of 11.9 mln new B-shares at NOK 211 per share​

* ‍Gross proceeds of offering amounted to approximately NOK 2,507 million or approximately $305 million​

BRIEF-Media group Schibsted offers B-shares to finance M&A in online classifieds

* REG-SCHIBSTED ASA (SCHA/SCHB) - SCHIBSTED ANNOUNCES OFFERING OF B-SHARES

BRIEF-Schibsted says hasn't seen any strong effects from Facebook's competition

* Norway's Schibsted has not seen any strong effects from Facebook competition in online classified ads business, Sondre Gravir, EVP Europe, Established Sites, told and investor conference in Barcelona on Tuesday

UPDATE 1-Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions

* ‍reiterates existing goal of 15-20 percent revenue growth in online classifieds portfolio medium to long term​

BRIEF-Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions

* ‍reiterates existing goal of 15-20 percent revenue growth in online classifieds portfolio medium to long term​

BRIEF-ex-editor of Schibsted tabloid VG sells Schibsted shares​

* ‍TORRY PEDERSEN, PRIMARY INSIDER IN SCHIBSTED ASA, SOLD ON 3 NOVEMBER 2017 1,000 A-SHARES IN SCHIBSTED ASA AT A PRICE OF NOK 251.30 PER SHARE AND 2,000 B-SHARES IN SCHIBSTED ASA AT A PRICE OF NOK 231.00 PER SHARE.​

BRIEF-Schibsted Q3 results above forecast, sees lower investments ahead

* Schibsted q3 revenues nok ‍4,161​ million (Reuters poll nok 4.02 billion) vs NOK 3,798 mln in Q3 2016

Schibsted's sales outlook not threatened by Facebook launch - CFO

OSLO Facebook's launch of its Marketplace e-commerce service in 17 European countries this week hit the shares of classified adds group Schibsted on Tuesday, but the Norwegian company said it was unlikely to affect its sales outlook.

Schibsted's sales outlook not threatened by Facebook launch - CFO

OSLO Facebook's launch of its Marketplace e-commerce service in 17 European countries this week hit the shares of classified adds group Schibsted on Tuesday, but the Norwegian company said it was unlikely to affect its sales outlook.

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