Schibsted ASA (SCH) - Schibsted sells all shares in Aspiro to Project Panther Bidco Ltd

Reference is made to the announcement of 30 January 2015 regarding Schibsted's acceptance of an offer from Project Panther Bidco Ltd ("Panther") to acquire Aspiro.

Panther has declared their offer for all shares in Aspiro unconditional on 13 March 2015. For Schibsted, the transaction will imply a sales gain in the consolidated accounts of approximately NOK 200 million, which is expected to be booked in Q1 2015.

Schibsted owns approximately 75% of the shares in Streaming Media AS, which owns approximately 76% of the shares in Aspiro.

Contact person:

Trond Berger, CFO. Tel: +47 916 86 695

THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS RELEASED WITH THE SOLE PURPOSE OF PROVIDING A SUMMARY OF SHIBSTED'S VIEW OF THE PUBLIC OFFER MADE BY PANTHER TO ALL SHAREHOLDERS IN ASPIRO. FOR DETAILS REGARDING THE PUBLIC OFFER, PLEASE REFER TO PANTHER'S PRESS RELEASE IN RELATION TO THE PUBLIC OFFER AND THE STATEMENT MADE BY ASPIRO'S INDEPENDENT BID COMMITTEE ON 30 JANUARY 2015.

THIS PRESS RELEASE SHOULD NOT BE REGARDED AS AN OFFER TO BUY OR SELL ANY SECURITIES AND MAY NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED OR MADE PUBLIC TO OR WITHIN ANY COUNTRY WHERE SUCH DISTRIBUTION OR PUBLICATION WOULD REQUIRE ANY DOCUMENTATION, FILING OR ANY OTHER MEASURES. 

Oslo, 13 March 2015

SCHIBSTED ASA

Anders Christian Rønning

Investor Relations Officer