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EBay Content Moderator Besedo in French Merger as IPO Looms

Besedo merging with ioSquare to gain automation technology
Aims for initial public offering in Stockholm in 2-5 years

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By Niklas Magnusson and Hanna Hoikkala

September 23, 2016 at 6:32 AM UTC

This article is for subscribers only.

Besedo Global Services AB is merging with France’s ioSquare as the Swedish moderator of online content for clients such as EBay Inc. seeks to add automation technology ahead of a potential initial public offering.

The cash and share transaction is valued at 5 million euros ($5.6 million), with ioSquare taking a stake in the Swedish company, Besedo Chief Executive Officer Patrik Frisk said in an interview in Stockholm on Sept. 20. The CEO of ioSquare, Maxence Bernard, joined via Skype.