Planned merger of Super RTL, Nickelodeon withdrawn, says German cartel office

Bertelsmann SE & Co KGaA

17/09/2024 09:30

BERLIN, Sept 17 (Reuters) - German broadcaster RTL
 BTGG.F  and Paramount  PARA.O  have withdrawn their bid to
merge Super RTL, a children's television network, with
Nickelodeon, said the German cartel office on Tuesday.
    The office said the withdrawal happened after it informed
the companies that it intended to prohibit the planned marriage.
    Super RTL, belonging to Bertelsmann's RTL Group  AUDK.LU ,
in April said it had struck a deal to acquire Nickelodeon series
in Germany. 
    Under the agreement, Super RTL would have acquired a rights
package to bring current and upcoming series from Nickelodeon,
owned by Paramount Global  PARA.O , to its television programme.

 (Reporting by Miranda Murray, editing by Thomas Seythal)
 ((Miranda.Murray@thomsonreuters.com;))