OSLO, Oct 24 (Reuters) - Shares in Swedish streaming company Viaplay (VPLAYb.ST) fell 18% on Tuesday after the company said it is in talks with three major shareholders as well as lenders and bondholders on a recapitalisation, and is in discussions to sell non-core operations.
Viaplay said late on Monday that due to the talks, it would postpone its third-quarter earnings report to no later than Nov. 29, rather than the original plan of reporting on Tuesday.
The company's shares hit an all-time low of 22.72 Swedish crowns on Tuesday, down 88% year-to-date.
Viaplay did not name the shareholders, lenders and bondholders involved in the talks.
Reporting by Terje Solsvik and Marta Frąckowiak Editing by Bill Berkrot and Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons:
Viaplay, Kepler, Kristoffer Carleskar, Jorgen Madsen Lindemann, Terje Solsvik, Marta Frąckowiak, Bill Berkrot, Susan Fenton
Organizations:
Thomson
Locations:
OSLO, Viaplay