RTL Group to acquire Sky Deutschland from Comcast for €527m.

RTL Group, an entertainment company, agreed to acquire Sky Deutschland, a German media company, from Comcast, a media and technology company, for €527m. “Sky Deutschland has made significant progress over the past three years, delivering strong operational performance and reaching a record number of customers. The business is on track to achieve EBITDA break-even, reflecting the success of our turnaround plan. Combining the strength of our brand with RTL builds on that momentum and opens up even greater opportunities. This deal provides a strong platform for long-term success, and ensures Sky continues to share in the growth of the combined business,” Dana Strong, Sky Group CEO.