Storytel acquires digital all-you-can-read subscription service Ztory
Storytel is acquiring the digital subscription service Ztorylabs AB (“Ztory”) and its extensive all-you-can-read offering of magazines and newspapers. The deal will broaden Storytel’s product line and amplify the company’s position as the leading provider of digital-book experiences. Through its operational and wholly owned subsidiary Storytel Sweden AB, Storytel AB (publ) (“Storytel”) has now purchased and acquired 100% of Ztory’s shares as of January 31st, 2019.Founded in 2013 by Nima Samimi, Staffan Svantesson, Daniel Malmqvist, and Martin Samami, Ztory is a digital all-you-can-read