EC greenlights RTL's takeover of Channel 5

Cendrowicz, Leo
August 2005
Hollywood Reporter -- International Edition;8/30/2005, Vol. 390 Issue 36, p54
The article reports that the European Commission (EC) has cleared the takeover of Britain's Five channel by Europe's biggest broadcaster, the RTL Group. The EC--the European Union's antitrust authority--cleared the merger under its simplified review procedure, which clears mergers or acquisitions after one month if no objections are raised by third parties. Channel 5 Television Group Ltd. is owned by BAG and United Business Media Group, while broadcaster RTL Group--based in Luxembourg--is part of Bertelsmann AG. RTL already had a 65% holding in Five and was expected to acquire the remaining 35% from United Business Media.


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