LAWFUEL – Legal News Network – Leading corporate commercial firm SJ Berwin LLP has advised the majority shareholders of Betty TV Group, Zurich, Munich on the takeover of Betty TV Group by Swisscom Fixnet AG. The further details of the takeover are confidential.
Betty TV Group, which comprises companies in Zurich and Munich, develops and markets new forms of interactive television. The remote control device developed by Betty TV Group allows the viewers direct interaction with the television program. After the market launch in Switzerland the new technology will now also be launched in Germany in cooperation with the ProSiebenSat.1 Group/SevenOne Media.
This transaction continues a busy period for media M&A activity at SJ Berwin – having advised on the €1.63 billion BMG Music Publishing acquisition, the ALL3MEDIA acquisition, Lionhead on its acquisition by Microsoft and on the sale of Capitol Films.
Advisers majority shareholders Betty TV Group: SJ Berwin LLP, Munich, Dr. Christoph Brenner (lead partner), Associates: Sabine Heinrich (Corporate), Christian Schatz (Tax).
Dr. Ulysses von Salis, Niederer, Kraft und Frey (Zurich) (aspects of Swiss law)
Further minority shareholders were advised by Dr. Oliver Triebold, Schellenberg Wittmer, Zurich
Advisers Swisscom Fixnet AG: Dr. Markus D. Vischer (lead partner), Associates: Dr. Urs Gnos, Walder Wyss & Partner (Zurich) (Corporate)
Allen & Overy, Frankfurt am Main (Due Diligence relating to the German companies of the Betty TV Group) (advisers not known)
Thomas Ackermann (inhouse)