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Tamedia is allowed to increase proportion of Zattoo

The media company Tamedia is a majority owner of on the Internet TV provider Zattoo International. The Swiss Federal competition Commission (Comco) and the Federal cartel office in Germany have approved this step. Thus, the Tamedia-group can increase its share of Zattoo over 50 percent from 31 percent.

Zattoo is reported to be in Switzerland market leader in TV Streaming and also number one in Germany. In Europe, Zattoo count around 20 million registered users, it said.

Zattoo, headquartered in Zurich, is in addition to the retail business, is also a B2B service provider to a provider of cable television and IPTV, such as Salt or Hotwire Communications. Tamedia made its debut in September 2015 at Zattoo International, and brought back their stake of 39.4 percent of Zattoo Switzerland. At that time, it was agreed that the Zurich-based media company, the company may progressively take over by 2021. (ij/sda)

Created: 02.04.2019, 10:13 PM

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