Arctic Startup

Alma Media, or more precisely Iltalehti has bought the Finnish online TV-guide Telkku.com.

Telkku.com gathers over 500 000 unique visitors each week and is growing. Our guesses are that Alma Media is growing Iltalehti to be the biggest online “portal” in Finland. Many of the media sites are still lacking in innovative revenue models apart from the traditional display advertising and thus the more unique visitors you gather the better media you are when the advertiser considers her options.

It remains to be seen, whether Telkku.com will remain independent under the Iltalehti brand or not.

(via HS)

Teemu Selänne, the NHL hockey player, has cashed in on the MySQL deal, where Sun Microsystems acquired MySQL for a billion dollars.

Teemu had invested about 330 000 euros seven years ago into Holtron Capital Fund I, which is managed by Inventure Oy, according to the Finnish Venture Capital Association. The exit value for Teemu’s initial investment was worth just over 1 million euros, according to Ilta-Sanomat.

Congrats to Teemu!

Aegis Groups Isobar has acquired White Sheep from Finland. White Sheep has assets of 0.7M€. The investment amount was not disclosed.

White Sheep will be re-branded as Suddenly Helsinki, becoming part of Isobar’s Suddenly network. Suddenly has offices in Stockholm, Oslo, Gothenberg and Copenhagen.

Full press release available here.