Talpa Media Takes Over Full Control of Talpa Germany

HILVERSUM: Talpa Media is purchasing the remaining 50.1 percent stake in Talpa Germany from Axel Springer, giving it full control of the German production outfit.

Talpa acquired 49.9 percent of Talpa Germany, previously named Schwartzkopff TV, in December 2014. Mutual options for a total sale were granted in the course of this transaction. Following Talpa Media's takeover by ITV earlier this year, these options became effective and were mutually exercised.

Dr. Jens Müffelmann, the CEO of Axel Springer Digital Ventures, said: "Axel Springer and Schwartzkopff TV, now Talpa Germany, have been linked together in a success story spanning 15 years, which would not have been possible without the efforts of the Managing Director Karsten Roeder and his entire team. We are very grateful for this. In the future we will focus even more closely on the development of our competence in digital moving images." 

Talpa’s CEO, Pim Schmitz, commented: “The fact that Talpa Germany becomes a full member of the Talpa family makes us very happy. We value our strong relationship with Axel Springer very much and are therefore glad that—although we are no longer joint shareholders in Talpa Germany—we will continue to work closely together."