Freshfields Bruckhaus Deringer has advised CMC M&E Acquisition Co, Ltd (CMC) on its acquisition of an indirect stake in leading Hong Kong broadcaster Television Broadcasts Limited (TVB).

Through the acquisition of a stake in Young Lion Holdings Ltd, which indirectly holds a 26% stake of the outstanding shares of TVB, CMC has become an indirect shareholder in the media company.

The Freshfields team advising on this transaction was led by corporate partner Edward Freeman.