trending Market Intelligence /marketintelligence/en/news-insights/trending/-T7Q1SB_W3w_x4coDKAGNQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

DPG Media to acquire Sanoma's Dutch unit

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection


DPG Media to acquire Sanoma's Dutch unit

Belgian publisher DPG Media NV agreed to acquire Sanoma Oyj unit Sanoma Media Netherlands BV for an enterprise value of €460 million.

Sanoma Media Netherlands publishes Dutch and Belgian magazines such as Libelle, Donald Duck, vtwonen and Veronica, as well as online news platform NU.nl.

The deal is in line with Sanoma's aim of transforming itself into a company with a dual focus on learning and cross-media businesses. Following the transaction, Sanoma's operations will consist of Sanoma Learning BV and Sanoma Media Finland Oy.

The transaction is expected to be completed during the third quarter of 2020 at the latest. It is subject to approval by the Netherlands Authority for Consumers and Markets, as well as the completion of a works council consultation. Sanoma will use the deal's proceeds to pay down its debt.

The Finnish media group also named Rob Kolkman CEO of Sanoma Learning, effective Jan. 1, 2020. He will assume the post while retaining his current role as CEO of Sanoma Media Netherlands until its sale is completed. He will also remain on Sanoma's executive management team.

Kolkman is replacing John Martin, who will continue working on Sanoma's strategic projects until he leaves the company in spring 2020.

Sanoma earlier acquired educational services provider Iddink Groep BV for €277 million.