Sky Deutschland has been sold for a pittance, fetching an initial fee of just €150 million ($175 million) from rival media outlet RTL Group. The two companies will merge, forming a brand with some 11.5 million TV subscribers across Germany, Austria and Switzerland (with a smattering of paid users in Luxembourg and Lichtenstein, too). The deal is a direct result of turbulence in the German pay TV market, with soccer rights and rising production costs rooted at the heart of it. It also marks RTL’s largest ever acquisition, at an opportune moment. RTL expects to generate annual synergies of €250 million ($290 million) within three years of completion, across two organizations which generated combined revenues of €4.5 billion ($5.3 billion)…