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RTL Closes Deal To Buy Sky Deutschland From Comcast
- RTL completes the acquisition of Sky Deutschland from Comcast, consolidating major European media assets.
- The deal unites RTL’s European focus with Sky’s operations in Germany, Austria and Switzerland.
- The purchase price is €68 million, subject to customary post-closing adjustments.
- A variable consideration could raise the total to €377 million over five years if RTL’s share price climbs.
- RTL expects about €250 million in annual synergies within three years.
- Comcast had owned Sky Deutschland since 2018 as part of its broader European Sky acquisition.
- The deal aligns with RTL’s strategy to strengthen local media players in Europe to compete with global streamers.
- RTL’s ownership now covers Sky Deutschland’s subscribers across multiple European regions, including Luxembourg and Liechtenstein.
- The Sky business had about 12.3 million paying subscribers at the time of the deal.
- RTL’s acquisition marks its largest transaction since its launch in 2000.
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