RTL Groupis selling its Dutch businessRTL Nederlandfor 1.1B ($1.2B) in cash.
The all-cash transaction is expected to close in mid-2024, subject to regulatory approvals.
DPG already uses the RTL brand in Belgium.
Thomas RabeBernd von Jutrczenka
Conversely, RTL Nederlands networks will still use RTL services and the solutions provided by RTL ad-tech business SmartClip.
This causes significant challenges and requires tough decisions.
As Europes leading commercial broadcaster, its our ambition to play an active role in this process.
In other words: our answer is to scale up our broadcasting and streaming businesses.
New Dutch market partner DPG has made its own consolidation moves in the past.
