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Sky sells German pay-TV business to RTL for €150m

Owner Comcast had been trying to offload lossmaking Sky Deutschland for number of yearsSky 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. Continue reading...

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