Cafeyn finalises Readly merger to become ‘largest buyer of publishing content in Europe’
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French all-you-can-read platform Cafeyn has finalised its acquisition of Readly’s non-Nordic businesses, meaning it is now running the platform in the UK.
The deal saw Cafeyn buy Readly’s operations in the UK, Germany, Switzerland and Australia from Bonnier. It has taken the group to combined revenues of nearly €100m (around £87m).
Some 350,000 Readly users have been added to the Cafeyn group, taking it to a total of more than 2.5 million users who can access 5,200 publication
The deal saw Cafeyn buy Readly’s operations in the UK, Germany, Switzerland and Australia from Bonnier. It has taken the group to combined revenues of nearly €100m (around £87m).
Some 350,000 Readly users have been added to the Cafeyn group, taking it to a total of more than 2.5 million users who can access 5,200 publication
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