Storytel to acquire Audiobooks.com from KKR for $135m.

Storytel, one of the world's largest audiobook and e-book streaming companies, agreed to acquire Audiobooks.com, a provider of audiobook experiences in the US, from KKR & Co for $135m. "I have been impressed by Audiobooks.com's success, expertise and experience in the US market, as well as across the UK and Australia. Audiobooks.com is a growing profitable business with a consumer and partnership friendly approach that offers Storytel a new platform for growth. I am now looking forward to working with our teams, publishers and partners to make audiobook listening as popular on the English speaking markets as it has become in recent years in the Nordics," Jonas Tellander, Storytel CEO and Founder.