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Clifford Chance advises NBCUniversal on the sale of its joint venture share in The History Channel (Germany)

08 Jun 2017

Clifford Chance has advised NBC Universal Global Networks Deutschland GmbH on the sale of its 50% share in The History Channel (Germany) GmbH & Co. KG to companies belonging to A+E Networks. The History Channel (Germany) had previously been operated as a joint venture between NBCUniversal and A+E Networks.

The History Channel (Germany) operates the TV channels "HISTORY©" (previously "THE HISTORY CHANNEL©") and "A&E©" in Germany, Austria, Liechtenstein, Luxembourg, South Tyrol and the German-speaking part of Switzerland. The completion of the transaction is subject to conditions precedent.

NBCUniversal is part of Comcast Group, a global media and technology company. In the 2016 financial year, Comcast had more than 150,000 employees and generated revenues of approximately USD 80 billion.

The Clifford Chance team was led by partner Dr. Christoph Holstein and comprised counsel Dr. Werner Brickwedde, associates Katharina Franitza and Torben Lührmann (all Corporate/M&A, Düsseldorf), partner Marc Besen (Brussels/Düsseldorf) and associate Caroline Slusarek (Düsseldorf, both Antitrust), partner Thorsten Sauerhering and counsel Dr. Dominik Engl (both Tax, Frankfurt) as well as partner Dr. Stefan Simon (Employment, Frankfurt).

Matter Type
M&A: Seller's Counsel
Industry
Technology, Media & Telecoms
News Category
M&A