Press Release
| November 1, 2011
Dewey & LeBoeuf Represents Central European Media Enterprises Ltd. in the US$400 million Acquisition of News Corporation's Bulgarian Media Assets
(New York, February 19, 2010) — Dewey & LeBoeuf LLP is representing Central European Media Enterprises Ltd. (CME) in an agreement signed on February 18, 2010 with News Corporation to acquire bTV, the free-to-air commercial television channel in Bulgaria, as well as the bTV Cinema and bTV Comedy cable channels and 74 percent of Radio Company C.J. OOD, which operates several radio stations. Total consideration, which is payable in cash, is US$400 million on a cash-free and debt-free basis.
CME is a vertically integrated media company operating leading broadcasting, internet and TV content businesses in seven Central and Eastern European countries with an aggregate population of approximately 97 million people. CME’s television stations are located in Bulgaria (Pro.bg and Ring.bg), Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markíza, Doma), Slovenia (POP TV, Kanal A and TV Pika) and Ukraine (Studio 1+1, Studio 1+1 International and Kino).
The Dewey & LeBoeuf deal team, with lawyers from the firm's London, New York and Washington, DC offices, is led by Partner Jeffrey Potash and Associate Leanne Cox and includes Partners Peter Crowther, Harry Clark and Marija Danilunas, Associates Graham Brough, Tim Hickman, Rebecca Flanagan, Fabio Falconi and Lucie Fish and Trainees Daniel Tarver and Nicky Maan. The firm has previously advised CME on a number of M&A and corporate finance transactions.
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