Herbert Smith Freehills Kramer Advises On Sale Of Sky DACH To RTL Deutschland

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Herbert Smith Freehills Kramer advises Comcast on competition, merger control, foreign direct investment, foreign subsidies questions and other regulatory aspects of its sale of Sky DACH...

Germany

Herbert Smith Freehills Kramer advises Comcast on competition, merger control, foreign direct investment, foreign subsidies questions and other regulatory aspects of its sale of Sky DACH (Germany, Austria, Switzerland) to RTL Deutschland.

RTL Deutschland is Germany's leading entertainment company, spanning across all types of media: TV and streaming, print and digital, radio and podcasts. It is home to some of the country's strongest media brands from RTL to Stern, Schöner Wohnen to Vox and Geo to NTV, and operates Germany's largest streaming service RTL+, with more than 6 million subscribers and a cross-media offer including series, films, music, podcasts and audiobooks. RTL Deutschland owns 15 TV channels, more than 10 premium magazines, a broad podcast portfolio and numerous digital offerings.

Sky DACH is one of the leading entertainment providers in Germany, Austria, and Switzerland. Its programming portfolio includes premium live sports, exclusive series, the latest films, a wide range of children's content, captivating documentaries, and entertaining shows – including Sky Originals. Viewers can enjoy the content both at home and on the go via Sky Stream and WOW. The new TV platform, Sky Stream, offers the best entertainment experience in one place: Sky and free-to-air channels, thousands of films and series on demand, media libraries, and a wide variety of additional apps. With WOW, customers can stream series, films, and live sports flexibly – anytime, anywhere – with the convenience of a monthly cancellation option. Headquartered in Unterföhring near Munich, Sky DACH is part of the Sky Group, one of Europe's leading media and entertainment companies.

The acquisition is subject to approval by the relevant authorities.

Advisors to Comcast:
Herbert Smith Freehills Kramer, Düsseldorf: Dr Marcel Nuys (Partner, Lead), Dr Florian Huerkamp (Counsel), Anne Eckenroth (Senior Associate; all Competition/Regulatory); Dr Marius Boewe (Partner), Dr Dejan Einfeldt (Associate, both FDI); Dr Christian Johnen (Partner, Corporate); Brüssel: Kyriakos Fountoukakos, Camille Puech-Baron (both Partner), Peter Rowland (Of Counsel; all Competition), Daniel Barrio, Aidan Forde (both Senior Associate, Competition); London: Stephen Wisking (Partner, Competition)

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