Sky Deutschland was obtained by RTL, as he ended years of speculation for its future and represented the largest RTL purchase ever.
“With an additional variable linked to the creation of future value” in terms of RTL price performance, “said 150 million euros ($ 175 million) for the German arm in Sky. Comcast, the parent company in Sky, can arise at any time within five years after closing, provided that the RTL Group share price exceeds 41 euros.
RTL said it expected 250 million euros of annual synergy within three years after the closure. He added that the revenue supporting the tumor in the year 2024 of the company combined was 4.6 billion euros, with about 45 % of the total revenue from the revenue based on subscription. The number of submarines will be 11.5 million as soon as the deal is closed. RTL said the treatment is the largest since its launch in 2000.
Barny Mills, CEO of Sky Deutschland, will continue to lead Sky Deutschland Business until the treatment is completed. Stephen Shamter will remain in his current role as CEO of RTL Deutschland to the closure of the transaction and then lead the joint company.
RTL will completely get Sky in Germany, Austria and Switzerland with sport and entertainment in Sky. Under a separate trademark license agreement, RTL will have the right to use the Sky Brand brand in the drafting zone (Germany, Austria, Switzerland), Luxembourg, Lechtenstein and South Tirol. RTL will get the bright Sky Deutschland brand as part of the treatment.
The rumors were many that Sky Deutselland has been on the bloc since it withdrew from the original text copies two years ago. The German arm is used to make proverbs Dress the preliminary and Babylon Berlin.
Its headquarters is located in Luxembourg, RTL has networks and flow service Ordinary people Innie Friemantel.
The transaction is now approved by the RTL council and will be subject to regulatory approvals.
Thomas Rap, CEO of RTL Group, said: “The RTL and Sky mix is the transformation of the RTL group. It will combine the most powerful entertainment and sports brands in Europe and create a unique video show on free TV, and pushed TV and TVs.
“Sky Deutschland has made great progress over the past three years, as it has achieved strong strong performance and reaching a record number of customers. The work is on the right path to achieve benefits before immorality, eligibility and danger, which reflects the increase in success in the success in the range. The growth of common business.”
PJT Partners' work as COMCAST consultant on the deal.
