The transaction clarifies the ownership structure of Oikotie and simplifies further development of the business, said Sanoma in the news release announcing the transaction.
Oikotie.fi is the leading horizontal platform for apartments, vehicles and jobs in Finland. The main business lines of the site are recruitment and real estate.
In FY2018, Oikotie’s net sales were about €20 million ($22.6 million U.S.). The business is reported as part of Sanoma Media Finland.
Oikotie.fi received 4.2 million visits across its categories in May, according to SimilarWeb.