Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Viaplay ( ($SE:VPLAY.B) ) has issued an update.
Viaplay Group has announced its acquisition of the remaining 50% stake in Allente Group from Telenor, making it the sole owner. This strategic move is expected to enhance Viaplay’s market position by expanding its customer base and service offerings in the Nordic region. The acquisition, valued at SEK 1.1 billion, will be financed through cash and a new term loan, subject to regulatory approvals. Viaplay is also revising its financial guidance for 2025, indicating a focus on reducing indebtedness and improving its credit profile, which could lead to operational synergies and new product opportunities.
The most recent analyst rating on ($SE:VPLAY.B) stock is a Hold with a SEK1.00 price target. To see the full list of analyst forecasts on Viaplay stock, see the SE:VPLAY.B Stock Forecast page.
More about Viaplay
Viaplay Group is a prominent player in the television services industry, offering satellite, IPTV, and OTT services across the Nordic region. The company has a significant market presence with approximately 840 thousand subscribers in Norway, Sweden, Finland, and Denmark. Viaplay was established through a merger and has been co-owned with Telenor until now.
Average Trading Volume: 16,645,806
Current Market Cap: SEK3.18B
Learn more about VPLAY.B stock on TipRanks’ Stock Analysis page.