Reuters logo
RTL Group buys stake in digital video ad platform SpotXchange
July 31, 2014 / 6:16 AM / in 3 years

RTL Group buys stake in digital video ad platform SpotXchange

FRANKFURT, July 31 (Reuters) - European broadcaster RTL Group said on Thursday it had agreed to buy a 65-percent stake in U.S. digital video advertising group SpotXchange for $144 million.

Founded in 2007, SpotXchange was the first online advertising marketplace with an exclusive focus on video and now has more than 1 billion auctions of advertising space each day, RTL said in a statement.

RTL, which is controlled by German media conglomerate Bertelsmann, also agreed on an earn-out component depending on future performance of SpotXchange.

The deal is expected to close at the end of August. (Reporting by Harro ten Wolde; Editing by Jonathan Gould)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below