The company already owns The Boston Globe, and said that the deal would further its long-term strategy of serving Boston readers.
Richard Gilman, publisher of The Boston Globe, said: "Metro Boston is a natural complement to the Globe's strong readership base and advertising position. With this partnership, we will add to the unmatched reach and impact that we provide to advertisers in the Boston market."
Metro USA, part of Metro International, will own the remaining 51% of stock. The company also has newspapers in Philadelphia and New York City.
Pelle Tornberg, president and CEO of Metro International, said: "This new venture will further increase the potential for Metro's operations in the US and follows our successful partnerships elsewhere, reflecting increasing interest in the Metro concept."
At the same time, Metro International said it was expanding its European presence with the launch of a title in Lisbon, after signing a contract to distribute the paper in subway stations through with Metropolitano de Lisboa.
Metro publishes 42 daily editions in 63 major cities in 17 countries in 16 languages across Europe, North and South America, and Asia. The company launched its first edition in 1995 and is listed on the Stockholm bourse.
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