Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Media giant Sanoma looking to acquire newswire STT
June 29, 2018

Finish media firm Sanoma is to buy a majority stake in the Finnish news agency STT after announcing it will buy the stakes held by newspaper firms Alma Media and Turun Sanomat, bringing the Sanoma stake up from 33 percent to 75 percent. STT has some 120 employees. “We genuinely believe that there is a need and demand for a Finnish news agency,” said Sanoma Media Finland, CEO Pia Kalsta in a statement.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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