Tamedia receives approvals for majority stake in Zattoo
The media company Tamedia is set to become the majority owner of the Internet TV provider Zattoo International. The Swiss Federal Competition Commission (Weko) and the German Federal Cartel Office have approved this move. This will allow the Tamedia Group to increase its stake in Zattoo to over 50 percent from the current 31 percent.
According to the information provided, Zattoo is the market leader in the TV streaming sector in Switzerland and also number one in Germany. In Europe, Zattoo has 20 million registered users, it added. Zattoo, headquartered in Zurich, is a B2B service provider for cable TV and IPTV providers such as Salt and Hotwire Communications in addition to its end customer business.
Tamedia joined Zattoo International in September 2015 and contributed its 39.4 percent stake in Zattoo Switzerland at the time. At the time, it was agreed that the Zurich-based media company could gradually take over the company by 2021. (SDA)
