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Sky Deutschland Acquired By RTL For $175M
RTL has bought Sky Deutschland for $175M
The channel group paid €150M ($175M) for Sky’s German arm, “with additional variable consideration linked to future value creation” in terms of RTL’s share price performance, it said. The variable consideration can be triggered by Comcast, Sky’s parent company, at any time within five years after closing, provided that RTL Group’s share price exceeds €41. Together, RTL and Sky will be in an even stronger position to invest in people, content and technology in Germany and in Europe to compete with the global tech and streaming players.
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