Bertelsmann is deciding whether to float a 17% stake in European TV broadcaster RTL,
the
Financial Times
reported.
The family-owned media group owns 92% of RTL, the report noted.
The move would give Bertelemann more than 2 billion euros to use for acquisitions and investments, according to the report. Bertelsmann seeks to invest in digital, education, e-commerce and music rights management; it recently agreed to take control of the BMG music rights business, the
FT
article said.
CEO Thomas Rabe said the company had ruled out an IPO of Bertelsmann itself, according to the report. (Source:
Financial Times,
March 27, 2013.)
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