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RTL Group today announced that its largest business unit, Mediengruppe RTL Deutschland, has signed a binding agreement with its current joint venture partner, BVI Television Investments, Inc., a subsidiary of The Walt Disney Company, to acquire the outstanding 50 per cent shareholding in Super RTL. This will take RTL Group’s shareholding in Super RTL to 100 per cent. The transaction is subject to approval from the German and Austrian competition authorities.
The full acquisition of Super RTL will support the growth plan for the RTL streaming service, TV Now. The transaction is another step in RTL Group’s strategy to consolidate across its existing European broadcasting footprint. In 2019, RTL Group’s French broadcasting business, Groupe M6, completed the acquisition of...
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