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 per cent year-to-date. "They seem to need more time before announcing a final plan regarding how to recapitalise the firm," Kepler Cheuvreux analyst Kristoffer Carleskar said.New CEO Jorgen Madsen Lindemann in July announced layoffs and said the company would focus on its core Nordic, Dutch and Viaplay Select operations, while downsizing, partnering, or leaving other markets.
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