Sky sells German pay-TV business to RTL for €150m
by Mark Sweney from World news | The Guardian on (#6Y907)
Owner Comcast had been trying to offload lossmaking Sky Deutschland for number of years
Sky has sold its German pay-TV business to RTL, the former owner of Channel 5, in a deal that could ultimately value the business at almost 500m.
Germany's biggest broadcaster, which is owned by the media conglomerate Bertelsmann, has agreed to buy Sky Deutschland for 150m (128m), and a further up to 377m depending on the future performance of RTL Group.
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