Viaplay's Stock Movement#
Shares in Viaplay Group saw a rise of over 2% on Tuesday after a report from Bloomberg indicated that its largest shareholders, Canal+ and PPF Group, are considering a joint takeover bid for the company. However, the stock later gave up some of those gains.
Potential Takeover Bid#
The report revealed that Canal+ and PPF, who together own about 60% of Viaplay, are exploring the possibility of acquiring the remaining shares of the company. It is important to note that no formal proposal has been made yet, and discussions are still in the early stages.
Trading Activity#
Viaplay shares reached an intraday high of approximately 1.56 crowns after the news broke. The stock opened at around 1.51 crowns but later eased to about 1.37 crowns, indicating that initial enthusiasm among investors was tempered as the trading session continued. Notably, trading volumes were higher than usual, reflecting strong interest from investors following the report.
Background on Shareholders#
Canal+ and PPF became the largest shareholders of Viaplay after a restructuring process completed in 2024. This restructuring aimed to stabilize the Nordic streaming group’s finances after experiencing significant losses in previous periods.