Roschier represents Bonnier News on its sale of the magazine app Arcy to Readly and in its public cash offer for all shares in Readly

Recent work|April 23, 2025

Bonnier News has entered into an agreement concerning the sale of its magazine app Arcy to Readly for SEK 339 million. Simultaneously with the Arcy sale, Bonnier News has announced a public cash offer of SEK 218 million to the shareholders of Readly to acquire the shares not already owned by Bonnier News.  Roschier has represented Bonnier News in connection with both transactions.

The consideration in the Arcy transaction will be paid in the form of newly issued shares in Readly. Completion of the Arcy transaction is subject to approval by the annual general meeting in Readly to be held on 14 May 2025. Provided that the annual general meeting resolves to approve the transaction the sale of Arcy is expected to be completed in May 2025.

Bonnier News holds approximately 80 percent of the shares in Readly and has been the largest shareholder since the completion of its previous public cash offer in March 2023. As announced in connection with the previous offer, Bonnier News has entered into an agreement with Cafeyn Group to transfer Readly’s non-Nordic business upon Bonnier News achieving an ownership in Readly of more than 90 percent.

The public cash offer tenders all shares in Readly for a cash consideration of SEK 27.50 per share, which represents a premium of approximately 90 percent compared to the closing share price of Readly’s share on 11 April 2025. The bid premium in the public offer reflects Bonnier News’ assessment of Readly’s full value and potential in a private environment, where Readly can be fully integrated into Bonnier News’ organisation and the previously announced transfer to Cafeyn can be implemented. The independent bid committee of Readly unanimously recommends that Readly’s shareholders accept the offer.

Roschier’s core advisory team comprised Leo Lee, Ola Sandersson, Malin Leffler, Jens Bengtsson, Lova Winell, Evelina Pettersson, and William Söder.