India, June 27 -- RTL Group has signed a definitive agreement to acquire Sky Deutschland, creating an entertainment business with around 11.5 million paying subscribers. RTL Group will fully acquire Sky's businesses in Germany, Austria, Switzerland, including customer relationships in Luxembourg, Liechtenstein and South Tyrol on a cash-free and debt-free basis. The purchase price consists of 150 million euros in cash and a variable consideration linked to RTL Group's share price performance. RTL Group has the right to settle the variable consideration in RTL Group shares or cash or a combination of both. RTL is considering buying treasury shares to be in a position to settle the variable consideration.
The transaction combines Sky's premiu...