Telia, a Swedish multinational telephone company, completed the acquisition of Bonnier Broadcasting from Bonnier, a privately held Swedish media group, for $954m. "We are convinced that this is a really good deal for Bonnier and for our companies. As a family-owned business, Bonnier has a clear long-term perspective and this divestment gives our remaining businesses a stronger financial foundation with the best possible conditions for the future," Carl-Johan Bonnier, Bonnier Chairman of the Board.