RTL Group to Buy Sky Deutschland for Over $175 Million

Published: 2025-06-27 03:12:13 ET CMCSA

Published on 06/27/2025 at 03:12

By Najat Kantouar

RTL Group agreed to acquire Sky Deutschland for an upfront price of 150 million euros in cash ($175.6 million) in order to strengthen its position in Germany.

The European media group said Friday that the combined entities would create an entertainment business with around 11.5 million paying subscribers. The transaction is expected to generate 250 million euros in annual synergies within three years, it added.

Under the terms of the deal, RTL Group will acquire Sky's businesses in Germany, Austria, Switzerland, including customer relationships in Luxembourg, Liechtenstein and Italy's South Tyrol on a cash-free and debt-free basis.

The purchase price includes 150 million euros in cash and a variable consideration linked to RTL Group's share price performance, the company said. The variable consideration can be triggered by Comcast, Sky's parent company, at any time within five years after closing,

Both businesses will continue to operate independently until regulatory approvals are obtained, which are expected in 2026.

Write to Najat Kantouar at [email protected]

(END) Dow Jones Newswires

06-27-25 0311ET