Scandinavian firm Aspiro – the company behind the WiMP subscription music service – is on the verge of being acquired by Norwegian media group Schibsted. Aspiro’s board has recommended that shareholders accept a public offer from Schibsted for the company valuing it at SEK 340m (around $49m). Aspiro’s existing investors, SEB Enskilda, Orkla and retailer Platekompaniet are all positive about the offer according to Aspiro’s statement. The company also says that Schibsted “places great value on Aspiro’s management team and other employees and does not expect, following completion of the Offer, that there will be any significant impact on the employees, including conditions of employment, or on the sites where Aspiro currently conducts business”. Schibsted owns several newspapers, magazines and TV/film production companies in Scandinavia.
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