Viaplay Group AB (publ) (OM:VPLAY B) signed an agreement to acquire remaining 50% stake in Allente Group AB from Telenor Communications II AS for SEK 1.1 billion on July 17, 2025. A cash consideration of SEK 1.1 billion will be paid by Viaplay Group AB (publ). The parties have agreed on an enterprise value of SEK 3.1 billion. Upon completion, Viaplay Group AB (publ) will own 100% stake in Allente Group AB. The acquisition will be financed through available cash and a new SEK 4.2 billion term loan facility from syndicate of Nordic banks. Viaplay has also renegotiated existing bank agreements to allow for the transaction and the accelerated transformation. In conjunction with the acquisition a new working capital facility equivalent to SEK 2.5 billion has been established and the company will be cancelling its existing SEK 7,100 million ( approximately ?650 million) guarantee facility. The new term loan financing is subject to approvals of the bondholders under its outstanding medium term notes maturing in 2028 (ISIN: SE0011426220, SE0012676138 and SE0013104957).

The acquisition is subject to customary regulatory approvals in Norway, Sweden, and Denmark and is expected to close during the second half of 2025. As of July 31, 2025, the transaction received approval from the holders of its outstanding medium term notes maturing in 2028. As of October 22, 2025, the transaction received approval from the relevant authorities in Norway and Denmark. The transaction received confirmation from the Swedish Inspectorate of Strategic Products under the Foreign Direct Investments Act (2023:560) that the notification is left without action. The transaction is pending Competition approval from the Swedish Competition Authority. As of November 3, 2025, the transaction received approval from Swedish Competition Authority.

The acquisition is expected to have a financial impact on Viaplay Group?s financial standing and performance. The company is updating its financial outlook for 2025 as follows - Pro forma Core net sales: SEK 21.0-22.0 billion, Pro forma Core EBITDA before ACI & IAC: SEK 0.8-1.1 billion and Pro forma adjusted Group Operating FCF2: SEK 0.5-0.75 billion.

DNB Carnegie acted as financial advisor for Viaplay Group AB. Gernandt & Danielsson Advokatbyrå KB acted as legal advisor for Viaplay Group AB. Daniel Khayyami of Mannheimer Swartling acted as legal advisor for syndicate of Nordic banks.

Viaplay Group AB (publ) (OM:VPLAY B) completed the acquisition of remaining 50% stake in Allente Group AB from Telenor Communications II AS on November 13, 2025.