Swiss media group Tamedia wants to increase its stake in TV streaming provider Zattoo International to over 50%.
The company announced the move during the presentation of its figures for the first half of 2018; financial details were not disclosed.
Zattoo is the internet TV market leader in its home country Switzerland and in neighbouring Germany. In addition to the consumer business, Zattoo is also a technical service provider for cable TV and IPTV operators.
The strategic partnership between Tamedia and Goldbach will create new synergy opportunities for the marketing of Zattoo in Switzerland and Germany, according to the company.
Tamedia purchased a 31% stake in Zattoo in 2015, with the option to gradually take over the company by 2021. The majority acquisition is subject to the approval of Switzerland’s Federal Competition Commission.