EU Commission Allows RTL to Buy Sky
The European Union approved RTL’s purchase of Sky Deutschland. RTL will now own the entire company. The deal will also include the WOW streaming service.
RTL will pay 150 million euros for Sky Deutschland. This purchase is meant to help RTL compete with streaming services. The deal is happening on July 1st. The WOW streaming service will now be part of RTL’s offerings. The European Commission said the deal is good for the German media market.
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Highlights
EU Approves RTL Sky Deal
The European Union Commission has given RTL permission to buy Sky Deutschland.
Deal to Close July 1st
The acquisition of Sky Deutschland will happen on July 1st.
RTL Buys Sky for €150 Million
RTL will pay 150 million euros for Sky Deutschland.
Boosting Subscription Business
The deal helps RTL compete with streaming services.
WOW Service Joins RTL
The WOW streaming service will become part of RTL.