Norway's A-Pressen Buys Mecom's Edda Media For $294M

Law360, New York (December 5, 2011, 7:18 PM EST) -- Norwegian media company A-Pressen AS has made a deal to buy Edda Media AS from London-based Mecom Group PLC for 1.7 billion kroner ($294 million), returning the Norwegian media conglomerate to local control after six years of British ownership, the companies announced Monday.

The merger brings together two of Norway's largest media groups, whose publications together reach 1.9 million readers every day, according to A-Pressen.

The sale is set to close as soon as Norway's competition authority gives its approval. A-Pressen plans to submit a full...
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