RTL puts stake in BroadbandTV up for sale

Wednesday 1 February 2017 | 14:41 CET | News
RTL Group announced that it has decided not to buy the rest of BroadbandTV and will instead work with the other shareholders on "strategic alternatives" for the company. RTL acquired a 51 percent stake in Canada-based BroadbandTV in 2011 for USD 36 million. Started in 2005, the company specialises in online video distribution and monetisation, particularly on YouTube. BroadbandTV's founder and head, Shahrzad Rafati told the Globe and Mail that "all options are on the table" for the company, including a possible IPO.

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Categories: Broadcast & Satellite / Internet
Companies: RTL Group
Countries: World
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