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CNN Sells Stake in German Net

4/12/2006 6:38 AM Eastern

RTL Group SA acquired full control of German news network n-tv when antitrust authorities approved its purchase of Cable News Network’s 50% stake, AP reported.

The Bundeskartellamt, Germany's antitrust agency, initially opposed the transaction, sending a letter to RTL in February requesting information about how it would operate n-tv if it were to take complete control of the 24-hour news network.

RTL and CNN have been joint owners of n-tv since 2002, with each holding 50%.

 

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