Telenor to acquire controlling stake in Bahnhof for 6.1 billion SEK

Bahnhof's stock surged after Telenor announced plans to acquire a controlling stake in the Swedish broadband operator for 6.1 billion SEK. Telenor will buy a 57.5% stake from founders and an investment company, offering 62 SEK per share in a mandatory public offer to remaining shareholders. The deal positions Telenor as Sweden's second-largest broadband provider, with the acquisition expected to close in four to eight months pending regulatory approval.