BUSINESSWEEK ONLINE : FEBRUARY 19, 2001 ISSUE
INTERNATIONAL BUSINESS

Going to Market


Structure of the Bertelsmann-RTL-Groupe Bruxelles Lambert deal

STEP 1
Bertelsmann gets GBL's 30% stake in $13 billion RTL group, boosting its own stake to 67%.

STEP 2
GBL gets 25% of Bertelsmann.

STEP 3
In three years, GBL can sell its Bertelsmann stake on the stock market. It will be the first time in its 166-year history that $15 billion Bertelsmann has publicly traded stock.

Data: Bertelsmann


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RELATED ITEMS
Middelhoff: ``We're in the Driver's Seat''

TABLE: Going to Market



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