RTL Agrees to Buy Sky Deutschland, Expanding Pay TV Base

RTL Group agreed to buy Comcast Corp.’s Sky Deutschland for an upfront price of €150 million ($176 million) in the TV provider’s biggest-ever deal as it looks for ways to add new revenue streams.

RTL may pay Comcast as much as €377 million in addition if RTL’s shares rise above €41 apiece in the five years after closing, the company said. The deal still needs regulatory approval and it’s expected to close next year.