Bertelsmann intends to sell a stake in broadcasting subsidiary RTL in an effort to raise up to €2bn in funding for expansion in the education and music sectors.
The company’s chief executive Thomas Rabe told the Financial Times that the media group is willing to reduce its stake in RTL from 92.3% to just over 75% in order to raise the figure.
He added, however, that Bertelsmann was keen to retain control of RTL because it was “deeply convinced of ...
Register for a Music Week trial to access this article. Sign up today and you will receive: