Readly divests its holding in Toutabo/ePresse to Cafeyn
Readly International AB (publ) (“Readly”) has signed an agreement for the sale of its entire holding in Toutabo/ePresse (formally Readly France) to Cafeyn Group (“Cafeyn”). The purchase price amounts to EUR 4.5 million and is paid in cash in connection with the acquisition. The transaction is considered to have limited impact on Readly’s earnings ahead– Since the acquisition of Toutabo, Readly has changed direction from rapid growth to profitability. We have focused on achieving positive unit economics, directing our marketing towards profitable markets, investing in product development and