Bertelsmann raised 1.4 billion euros ($1.8 billion) in cash proceeds by selling a 17 percent stake and creating a public listing for their television and broadcasting company, RTL. Bertelsmann retains 75 percent of RTL’s shares. Why should publishing people pay any attention? Because that cash will be put to work buying other companies, as Bertelsmann expects to spend up to 3 billion euros on acquisitions over the next 3 years. CEO Thomas Rabe reiterated in a statement, “Our goal is to make Bertelsmann a faster growing, more digital and more international company in the years ahead.” They sold the stock at […]
