Financials / Deals



Schibsted to spin off and IPO international classifieds

The Norwegian media giant Schibsted has announced it will initiate a process to reorganize the company into two growth-oriented companies. The international online classifieds operations will be spun off and established as an independent, listed company. Schibsted, meanwhile, will comprise all activities in Norway, Sweden and Finland - including Finn.no, Blocket.se and Tori.fi.

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