Readly
{{Short description|Swedish digital newspaper}}
{{Infobox company
| name= Readly AB
| type= Public
| traded_as = {{nowrap|{{OMX|SSE203369|READ}}}}
| logo=Readly Logo.svg
| founder = Joel Wikell
| language=
| owner=Readly AB
| key_people= Philip Lindqvist (CEO)
| founded= {{start date and age|2012}}
| website={{URL|readly.com}}
}}
Readly AB is a Swedish digital newspaper and magazine subscription service with content from over 1200 third-party publishers, available via browser and mobile app for a monthly fee.{{Cite web|url=https://www.inpublishing.co.uk/suppliers/s/readly|title=Readly UK|first=Adam|last=Rowe|website=Forbes}}
History
Readly was founded in 2012 by Joel Wikell.{{Cite news |last=Nilsson |first=Patricia |date=2019-10-07 |title=Sweden's Readly vies with Apple to be the Spotify of magazines |newspaper=Financial Times |url=https://www.ft.com/content/7be7fc82-e10f-11e9-b112-9624ec9edc59 |access-date=2023-09-23}}{{Cite web|title=Readly has become the leader in digital magazine subscriptions|url=https://www.theceomagazine.com/business/innovation-technology/readly/|access-date=2021-02-22|website=The CEO Magazine|language=en-US}}
Readly launched in the United Kingdom in 2014{{Cite web|date=2014-03-28|title=Readly app launches in UK with 120 magazines|url=https://www.independent.co.uk/news/media/press/readly-app-launches-uk-120-magazines-9220149.html|access-date=2021-03-17|website=The Independent|language=en}} and thereafter in Germany 2015,{{Cite web|title=Swedish subscription magazine service Readly takes in €13.3 million|url=https://tech.eu/brief/readly-raises-funding/|access-date=2021-03-17|website=Tech.eu| date=17 May 2017 |language=en-GB}} In 2016, Readly discontinued its eBook service.{{Cite web|url=https://www.di.se/digital/sparkad-readly-chef-gar-lottlos-ur-rattstvist/|title=Sparkad Readly-chef går lottlös ur rättstvist|first=Sven|last=CarlssonText|date=April 26, 2016|website=Dagens industri}}
In 2018, Readly expanded to the Netherlands,{{Cite web|date=2018-12-10|title=Readly expands its operations in Europe and enters the Netherlands|url=https://www.fipp.com/news/readly-expands-netherlands/|access-date=2021-03-17|website=FIPP|language=en}} Italy 2019,{{Cite web|last=Loritz|first=Mary|date=2019-06-19|title=Swedish magazine subscription app Readly raises €15 million|url=https://www.eu-startups.com/2019/06/swedish-magazine-subscription-app-readly-raises-e15-million/|access-date=2021-03-17|website=EU-Startups|language=en-US}} and Australia and New Zealand in 2020.{{Cite web|last=Blackiston|first=Hannah|date=2020-04-15|title='All you can read' magazine app Readly launches in ANZ with Bauer Media and Next Media onboard|url=https://mumbrella.com.au/all-you-can-read-magazine-app-readly-launches-in-anz-with-bauer-media-and-next-media-onboard-624792|access-date=2021-03-17|website=Mumbrella|language=en-US}}
In September 2020, Readly listed its shares on Nasdaq Stockholm Midcap.{{Cite web|url=https://www.svd.se/a/bnKqxv/tidningsdelaren-readly-gor-borsdebut|title=Positiv börsdebut för omskakat Readly|date=September 17, 2020|via=www.svd.se}}{{Cite web|url=https://www.smp.se/2020-09-18/positiv-borsdebut-for-omskakat-readly-aTzo5/|title=Positiv börsdebut för omskakat Readly|date=September 18, 2020|website=Smålandsposten}}
In March 2021, Joel Wikell, the founder of Readly, left the board of directors.{{Cite web|url=https://www.di.se/digital/readlys-grundare-lamnar-styrelsen/|title=Readlys grundare lämnar styrelsen|first=Di|last=DigitalText|date=March 29, 2021|website=Dagens industri}} In November 2021, Readly acquired Toutabo SA, the French editor of the digital newsstand ePresse.{{Cite web|url=https://www.svd.se/a/66XG5o/readly-koper-fransk-tidningstjanst|title=Readly köper fransk tidningstjänst|date=October 6, 2021|via=www.svd.se}}
In May 2023, Philip Lindqvist was appointed as the new CEO.{{Cite web|url=https://www.svd.se/a/eJmrp9/ny-vd-for-readly-utsedd|title=Ny vd för Readly utsedd|date=May 30, 2023|via=www.svd.se}}
In June 2025, Bonnier Group took their holdings in Readly to 96.45%.{{Cite web|url=https://news.cision.com/tidnings-ab-marieberg/r/tidnings-ab-marieberg-announces-the-outcome-for-the-recommended-cash-offer-to-the-shareholders-of-re,c4158458|title=Tidnings AB Marieberg announces the outcome for the recommended cash offer to the shareholders of Readly International AB|date=June 3, 2025|via=www.news.cison.com}} They had previously announced their intention to delist Readly and forcibly acquire the remaining 3.55% of shares for full ownership.{{Cite web|url=https://corporate.readly.com/media/press-releases/2025/bonnier-news-initiates-compulsory-redemption-and-readly-applies-for-delisting/|title=Bonnier News initiates compulsory redemption and Readly applies for delisting|date=May 27, 2025|via=www.readly.com}}
References
External links
- [https://readly.com/ Readly's official website]
Category:Swedish companies established in 2012
Category:Subscription services
Category:Companies listed on Nasdaq Stockholm
Category:2020 initial public offerings
Category:Internet properties established in 2012
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