Cafeyn acquires Readly’s non-Nordic operations to scale European press platform

Press aggregation platform Cafeyn Group is acquiring Readly’s non-Nordic operations, marking a significant step forward in its European expansion. 

Cafeyn offers unlimited access to over 2,000 national and international titles across multiple formats and devices, while Readly provides a single subscription that gives users access to over 8,000 magazines and newspapers.

Following the transaction, Cafeyn will serve more than 2.5 million users and generate combined revenues of nearly €100 million, significantly strengthening its scale and position across Europe.

Readly’s Nordic operations remain owned and operated by Bonnier News, while activities outside the Nordic countries (notably in Germany and the United Kingdom) are now joining Cafeyn.

The original Readly application will continue to be owned and operated by Bonnier News for the Nordic markets.

Laurent Kayser, CEO of Cafeyn, stated: 

“This acquisition marks a turning point for Cafeyn. This will allow us to deliver greater value to users, more sustainable revenues for publishers, and to support quality journalism at a time when access to trusted information has never been more important.”

Anders Eriksson, CEO of Bonnier News, added: 

“This agreement enables both parties to focus on their respective growth strategies. We now look forward to further developing and growing Readly in the Nordic markets, as an important and integrated part of our business.”

The integration of Readly’s operations will significantly expand the catalogue available to users, further enhancing the breadth and diversity of content accessible on the platform, while strengthening Cafeyn’s ability to deliver a compelling and comprehensive offering to its audiences.