Powered by LawFuel – 17 September 2020 – Global law firm DLA Piper has advised media giant Discovery Inc. on its agreement to purchase MediaWorks’ TV business, comprising of: free-to-air channels, Three, Bravo, Three+1, Bravo+1, The Edge TV and The Breeze TV; streaming service ThreeNow; and multi-platform news and current affairs service Newshub.
Discovery, Inc. is the global leader in real life entertainment and is known in New Zealand for its pay TV channels Discovery Channel, TLC, Animal Planet, Food Network, Living and Discovery Turbo and free-to-air channels HGTV and Choice TV.
DLA Piper’s team was led by Auckland-based corporate partner Reuben Woods and senior associate Sam Wilson. IPT partner Nick Valentine advised on the media and transitional services aspects of the deal and competition partner Alicia Murray gave regulatory advice.
Reuben Woods said, “Discovery is a long-standing and significant client of the global firm and we are delighted to have assisted Discovery on what will be its most significant free-to-air investment in the New Zealand market to date following completion”.
The transaction is expected to be completed by the end of the year.
- Meredith Connell’s “Next Generation” Push – A Promotion Surge Follows Partner Drain
If Meredith Connell wanted to change the story about where it is going, it just made a very deliberate move with 21 promotions. After months of scrutiny over senior departures, a strategic review, and a lingering question about whether the firm was in transition or simply treading water, MC has promoted 21 lawyers to partner, senior associate and associate ranks, and made a lateral partner hire and a new office play. Log in to read what is happening . . - NZ Lawyer News – Buddle Findlay Appoint New Partner in Auckland
- The Judicial Trajectory of Justice Neil Campbell
- Minter NZ’s Digital Push
- Stephen Franks’ Bid To Drag Professional Bodies Back To Earth
- Rising Litigation Concerns for US Doctors Sees New Zealand Trust Group Expand
Other Law Firm Press Releases
- Australian Human Rights Commission disappointed with Australian Government’s response to major human rights review of Australia
- How Negligence Can Lead to a Spokane Personal Injury Claim
- UK Law – Addleshaw Goddard Shows Major Revenue Growth
- NZ Law – DLA Piper Promotes Special Counsel
- NZ Law News – DIA Takes Over AML Regulation With New Guidance Updates
