Bonnier Books buys major book
Photo: Magnus Lejhall/TT

Bonnier Books buys major book streaming service Nextory

The publishing group Bonnier Books is investing in digital expansion and acquiring Nextory, one of Europe’s largest streaming services for books, Bonnier Books writes in a press release.

Nextory offers audiobooks and e-books in ten countries, including Sweden.

"The deal creates strong opportunities for continued development in a changing and globally competitive market," writes Bonnier Books.

The purchase price has not been disclosed, and the deal must be approved by competition authorities.

Bonnier Books already operates the audio and e-book service BookBeat.

"Together we create a very competitive combination with good conditions to continue growing successfully," says Shadi Bitar, CEO and founder of Nextory, in the press release.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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