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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

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

Sky RTL Sky Deutschland Comcast United States RTL Group Channel 5 Germany
People enter a revolving door at the German headquarters of Sky Deutschland
Sky Deutschland, which operates in Germany, Austria and Switzerland, has never made a profit. Photograph: Bloomberg/Getty

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), plus a further sum of up to €377m depending on the future performance of RTL Group.

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