Get a demo Do I subscribe? News sign-up
Download PDF
Print

RTL Hunts European Takeovers

News, 06 March 2001


Television and radio giant RTL Group is on the prowl for news and media acquisitions to add to its pan-European portfolio, according to chief executive Didier Bellens.

In a statement yesterday, Bellens commented that the acquisitions would probably be in Europe instead of the US. The company wants to develop ‘families’ of cross-promoted websites and TV and radio stations based in Germany, the UK, Spain, France, the Netherlands and Belgium.

However, rather than building a costly multimedia infrastructure itself, RTL intends to focus on supplying content across distribution channels, including interactive TV and broadband. A focus on content, Bellens pointed out, had seen RTL.de become a leading games site in Germany, with almost 4 million users, for an investment of only 60m euros ($55.78m).

Bellens added that RTL would stick to its strategy of buying 100% stakes in European subsidiaries, rather than just building up a group of assets.

News source: Financial Times