Ratos Buys Movie Operations from Sanoma

Sanoma Corp. has sold its movie operations to Swedish private equity firm Ratos in a deal valued at 116 million euro ($172.4 million). This is the second recent deal announced by the media company. Sanoma also said it would sell its Finnish literature business to Swedish media group Bonnier, while buying educational publishers Tammi Learning and Bonnier Utbildning from the same company.

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