Bertelsmann mulls control of RTL
December 5, 2007
Bertelsmann is considering taking full control of RTL Group, Europe's largest broadcaster. Bertelsmann confirmed a WSJ report that it was possible it would make an offer for the 10.2 per cent of RTL it does not already own, but cautioned that this had yet to be approved by its supervisory and management boards.
Buying the remainder of RTL would secure full control of one of Bertelsmann's fastest-growing businesses, at a time when outsiders are questioning the growth prospects for some of its other businesses. The proposed buyout could cost about E1 billion.