German Competition Authority Approves DFL's Stake in Dyn Media
The German competition authority has approved the DFL's acquisition of a 6.5% stake in streaming platform Dyn Media, which focuses on sports other than football.
06.11.2025 | German competition authority
The Bundeskartellamt has granted approval for the DFL Deutsche Fußball Liga to acquire a 6.5% stake in Dyn Media, a company that operates the internet-based sports streaming platform 'Dyn'. This platform specializes in sports outside of football.
Previously, Axel Springer SE held a majority stake of over 75% in Dyn Media. The current plan includes a capital increase and a restructuring of the shareholder structure.
The European Commission has already approved the entry of Schwarz Group with a 42.5% stake, while Springer will also retain a 42.5% share. Alongside the DFL, Christian Seifert, the founder of Dyn and former managing director of the DFL, will continue to be a shareholder.
Andreas Mundt, President of the Bundeskartellamt, stated that the involvement does not create a competitively concerning market position for either company. He emphasized that access to the technical service provider Dyn does not enhance the DFL's strong position in the allocation of football media rights.
It is important to note that potential impacts on the antitrust review of the centralized marketing of media rights for Bundesliga and 2. Bundesliga matches were not part of this merger control procedure.
