Previous close | 195.15 |
Open | 195.50 |
Bid | 0.00 x 0 |
Ask | 207.80 x 0 |
Day's range | 195.30 - 205.00 |
52-week range | 134.20 - 220.00 |
Volume | |
Avg. volume | 14,185 |
Market cap | 46.894B |
Beta (5Y monthly) | 0.84 |
PE ratio (TTM) | N/A |
EPS (TTM) | -10.56 |
Earnings date | N/A |
Forward dividend & yield | 2.00 (1.02%) |
Ex-dividend date | 02 May 2023 |
1y target est | N/A |
Norwegian media group Schibsted said on Wednesday it has bought a 10.1% stake in Sweden's Viaplay, sending shares in the troubled Swedish media company up nearly 5% by 1316 GMT. "Schibsted has a long history of investing in companies close to our core that benefit from our strength, and of seizing opportunities which arise in more uncertain times," Schibsted CEO Kristin Skogen Lund said in a statement. "Viaplay's strong position as a streaming provider in the Nordics fits very well with our media operations, and we are confident that we, as a financially focused shareholder, can support value creation in the company," she added.
Norwegian media group Schibsted and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's powers, especially over its App Store. The comments from Schibsted, the largest media group in the Scandinavia region, and the publishers' lobbying group come as the European Commission's Digital Markets Act (DMA) takes effect in May, targeting Big Tech. Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay.