The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ProSiebenSat.1 Media SE on the acquisition of a 100% stake in aboalarm, a cancellation service for consumer contracts in the internet. ProSiebenSat.1 acquires aboalarm through its majority asset Verivox.
Skadden advised China-based PPDAI Group on its $221 million initial public offering of American depositary shares and listing on the New York Stock Exchange.
Paul Hastings LLP, a leading global law firm, has advised Facebook on the launch of its Messenger payments service in the United Kingdom and France.
The person-to-person (P2P) service allows Facebook users to send money in a fast, secure and simple way, without needing to directly contact their bank or even leave a Messenger conversation.
The UK and France are the first jurisdictions outside of the U.S. where the P2P service has been made available since the service was launched in the U.S. in 2015.
Bird & Bird's London Capital Markets team has advised Orient Telecoms, a provider of managed telecommunications services, on its successful listing on the London Stock Exchange. The transaction is particularly interesting as despite being a start-up, it was successfully admitted to the Standard List of the Main Market instead of the AIM Market.
Global law firm White & Case LLP has advised Nordic telecoms operator Telia Company on the US$1 billion sale of its approximately 19 percent holding in MegaFon, a leading federal mobile telecoms operator in Russia, to Gazprombank, the third largest bank in Russia.
The transaction represents Telia Company's sale of its remaining stake in MegaFon at a price of RUB 514 (US$ 8.86) per share, raising gross proceeds of RUB 60.4 billion (approximately US$1.03 billion).
The corporate structures of the printing and publishing house Niederosterreichisches Pressehaus Druck- und Verlagsges.m.b.H. (NO Pressehaus) have recently been changed. CMS Vienna advised Lower Austria's largest media corporation throughout the entire process of preparing and implementing this reorganisation.
OC Queen Street LLC, the Singaporean office of international legal practice Osborne Clarke, has advised Horangi, a Singapore-based cybersecurity startup, on a US$3.1 million Series A round led by Monk’s Hill Ventures with other participating VCs and private investors.
The fund will aid Horangi in improving its technology, scale business operations as well as accelerate its expansion in key Asian markets.
Clifford Chance advised Fujitsu Limited on the formation of a joint venture with Lenovo Group Limited and the Development Bank of Japan Inc. The joint venture will focus on the research, development, design, manufacturing and sales of Client Computing Devices for the global PC market.
Fujitsu will sell a 51% stake in its wholly owned subsidiary Fujitsu Client Computing Limited to Lenovo and a 5% stake to DBJ. After the transaction, FCCL will become a joint venture company owned by Fujitsu, Lenovo and DBJ and will continue to be known as Fujitsu Client Computing Limited.
Greenberg Trauig advised Gremi Media S.A., the publisher of leading Polish daily newspapers "Rzeczpospolita" and "PARKIET Gazeta Gieldy i Inwestorow," on the listing of shares of Gremi Media S.A. on NewConnect market, the alternative trading system of the Warsaw Stock Exchange. The listing involved 1.1385 million shares of the Company, with the nominal value of PLN 4 per share.
Greenberg Trauig advised Gremi Media S.A., the publisher of leading Polish daily newspapers "Rzeczpospolita" and "PARKIET Gazeta Gieldy i Inwestorow," on the listing of shares of Gremi Media S.A. on NewConnect market, the alternative trading system of the Warsaw Stock Exchange. The listing involved 1.1385 million shares of the Company, with the nominal value of PLN 4 per share.