RTL Deutschland has been given the green light to purchase the 50% of Super RTL held by Walt Disney Company by competition authority Bundeskartellamt.
RTL had announced its intention to fully acquire the 25-year old channel in March.
Commenting on the transaction, Bernd Reichart (pictured), CEO, RTL Deutschland, said: “We are pleased to welcome Super RTL completely in Mediengruppe RTL Deutschland. With the high TV and digital expertise of Super RTL, we will jointly design our digital agenda together. We look forward to the closer cooperation with a familiar and highly professional team.”
Its planned to conduct the transaction in the next few weeks, assuming the Austrian competition authority is also in favour.