RTL has closed its deal to acquire Sky Deutschland from Comcast.
The deal completed this morning, bringing together two of central Europe’s big players as entertainment businesses seek consolidation to reach scale and compete against the tech giants.
The deal “underscores RTL Group’s strategic focus on in-country combinations in Europe to strengthen local media players and enhance their ability to compete with global streaming platforms,” the Luxembourg-based RTL said this morning in a statement.
Bertelsmann-owned RTL now owns Sky’s operations in Germany, Austria and Switzerland, including customers in Luxembourg, Liechtenstein and South Tyrol. The Sky business has
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