RTL completes €68m Sky Deutschland takeover
Summary
RTL Group has completed its €68m takeover of Sky Deutschland and will fold the broadcaster into its German operations. The combined business will bring together RTL+ and WOW and give RTL a larger subscriber base as it competes with Netflix, Disney+, and Prime Video. RTL expects the deal to create €250m in annual synergies within three years. The transaction also reshapes RTL Deutschland’s leadership team and consolidates programming, sports rights, and operations across Germany, Austria, and Switzerland.
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