New York – October 15, 2007 – LAWFUEL – The Law Firm Newswire – Debevoise & Plimpton LLP is advising Discovery Communications in its agreement to acquire HowStuffWorks (howstuffworks.com). As part of the transaction, Discovery Communications will also acquire a portfolio of other digital properties, including ConsumerGuide.com, a database of digitized maps owned by GeoNova Group (formerly MapQuest Publishing), and QuickCompliance, a medical education business. Through HowStuffWorks, Discovery Communications also will hold a minority equity position in HSW International, a separate and publicly traded entity that has the local language rights to the HowStuffWorks content and brand in Brazil and China. The closing is subject to regulatory approval and certain conditions.
Discovery Communications is the number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Richard D. Bohm and includes partners Lawrence K. Cagney and Peter A. Furci, counsel Stefan P. Stauder and associates Lauren M. Boccardi, Matthew O’Halloran, Allison Roarty, Jennifer F. Whetsell and Sean D. Wissman.