DPG Media to acquire the Netherlands unit of RTL Group for €1.1bn.

DPG Media, a multi-media company, agreed to acquire the Netherlands unit of RTL Group, a Luxembourg-based international media conglomerate, for €1.1bn. "We are very pleased that we have reached an agreement with RTL Group to acquire RTL Nederland, the undisputed market leader in commercial TV broadcasting, and the owner of the highly successful streaming platform Videoland. Together with our leading TV brands VTM and RTL Belgium, we will be able to build a group that has the necessary scale to invest in the digital transformation of television. I am looking forward to working with the outstanding leadership team of RTL Nederland, and I am also very pleased that we will build a strategic partnership with RTL Group," Christian Van Thillo, DPG Media Group Executive Chairman.