Bertelsmann is looking to sell a €2bn (£1.7bn) stake in Europe’s biggest advertiser-funded broadcaster RTL, which makes UK shows including The X Factor, to finance digital growth and international expansion.
Privately-owned German company Bertelsmann has informed the board of directors of RTL, the Luxembourg-based, publicly-listed company which sold Channel 5 to Richard Desmond in 2010, that it is considering reducing its stake from 92.3% to about 75%.
Read the whole thing at Bertelsmann plans to sell €2bn RTL stake to fund international expansion | Media | guardian.co.uk.
