RTL Group has announced that it has completed the sale of its entire shareholding in Vancouver-based BroadbandTV to BBTV Holdings Inc, effective October 28, for €102 million (C$158.8 million).
RTL Group to explore strategic alternatives for BroadbandTV
RTL Group announced that it has decided not to exercise the call option for the remaining 49% shareholding in BroadbandTV.
New deal boosts RTL YouTube presence
The RTL Group-backed Canadian media and technology company BroadbandTV (BBTV) has acquired the India-based kids content producer and publisher YoBoHo for an undisclosed fee.