RTL Selling Dutch Broadcast Business For $1.2B
deadline.comRTL Group is selling its Dutch business RTL Nederland for €1.1B ($1.2B) in cash. DPG Media, a European operation with bases in Benelux and Denmark, has reached an agreement with RTL to acquire the business, which comprises a family of free-TV and pay-TV networks and popular streaming service Videoland.
The all-cash transaction is expected to close in mid-2024, subject to regulatory approvals. RTL had previously attempted to merge its Dutch assets with John de Mol’s Talpa Network, but this was stopped by regulators on competition grounds.
Today’s deals ties into the European giant’s belief that major networks on the continent need to either merge or strategically partner to compete with global streamers.
As such, part of the agreement sees RTL and DPG enter into a strategic partnership that spans technology, ad sales and content.
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