Following the announcement on 20th July that RTL was to acquire the remaining 35.4 per cent shareholding in UK broadcaster FIVE, the European Commission has today given approval for the deal under which RTL gains complete control of the broadcaster.
RTL has always held a stake in FIVE, taking an initial holding of 29 per cent back in 1997. Following the merger of Pearson and CLT-UFA in 2000, RTL upped its overall stake to 64.6 per cent.
RTL said that FIVE plays a key role for the group and the deal underlines RTL's commitment to the sector in the UK.
European Commission announcement HERE
Press Releases re acquisition HERE and HERE