With 'licence to expand', Schibsted spin-off eyes classified ad mergers

OSLO (Reuters) - A planned breakup of Norwegian media group Schibsted will allow its online classified advertising business to expand via mergers and acquisitions on three continents, the company's chief executive told Reuters.A split, announced in September and backed by major investors, will see Schibsted's MPI division, which includes international brands such as France's Leboncoin, Brazil's OLX and Britain's Shpock listed separately next year."MPI will have very good organic growth, but we..