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DLA Piper advises Discovery on sale of SBS Discovery Radio

05 May 2015

DLA Piper has advised Discovery Communications on the disposal of Nordic radio broadcaster, SBS Discovery Radio, to Bauer Media.

The pan-Nordic broadcaster reaches a weekly audience of more than 10 million and is the leading commercial radio operator in Sweden and Denmark, with a strong presence in Norway and Finland. It also reaches more than four million unique users through its digital platforms and online radio players.

The DLA Piper team was led out of London by Bob Bishop, Global Co-chair of Corporate, who was supported by partners Jon Kenworthy and Paul Rutherford (Tax), senior associate Ben Forgiel-Jenkins and associate Ani Grigorian. In addition, DLA Nordic partner Mathias Berggren (Stockholm), DLA Piper Norway partner Fredrik Lykke (Oslo), Horten partner Jacob Kornerup (Copenhagen) and Borenius partner Samuli Simojoki (Helsinki) led the teams providing local advice in the four "in scope" territories.

Bob Bishop said: "Discovery is a key client and it was great to be able to help them with this non-core disposal, having advised on their acquisition of the SBS Nordic TV and Radio business in 2013. We feel privileged to be able to serve as an extension of the Discovery team."

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