Bertelsmann considers complete takeover of RTL Group
According to a statement released by RTL on Tuesday, the Bertelsmann media group is reportedly interested in a full takeover of the Luxembourg-based RTL Group. Bertelsmann has indicated that it intends to make a takeover bid for the shares it does not yet own, the statement said.
As RTL announced on Tuesday, the media group Bertelsmann is said to be interested in a complete takeover of the Luxembourg-based RTL Group. Bertelsmann has indicated that it intends to make a takeover bid for the shares it does not yet own. Bertelsmann currently holds 90 percent of RTL and has not yet decided on an offer. A concrete offer would first have to be approved by various bodies. An initial attempt to acquire the remaining 10 percent failed in 2002. The price offered was apparently too low for RTL shareholders. In March, Bertelsmann announced its intention to use its billion-euro profit from last year to acquire further companies.
The RTL Group owns all or part of 32 radio and 42 television stations. In Germany, these are the channels RTL, RTL II, SuperRTL, N-TV and Vox.
The RTL Group owns all or part of 32 radio and 42 television stations. In Germany, these are the channels RTL, RTL II, SuperRTL, N-TV and Vox.
