EU Approves RTL’s Acquisition of Sky Deutschland
EU Approves RTL’s Acquisition of Sky Deutschland
The European Commission has authorized RTL Deutschland’s acquisition of Sky Deutschland, set to finalize on July 1, 2023, enhancing competition against streaming giants like Netflix.
RTL’s acquisition includes the transfer of the WOW streaming service and is valued at €150 million, with potential additional payments linked to RTL’s stock performance. The Commission noted that RTL’s proposed concessions in the advertising market were unnecessary, as the merger would not hinder competition. RTL Group CEO Thomas Rabe and Sky Group CEO Dana Strong characterized the merger as a significant milestone, aiming to strengthen their market position against competitors such as Disney and Amazon Prime.
For journalistic integrity, this report was summarized from: tagesschau.de