Hogan Lovells Advises 21st Century Fox on Agreement with Apollo to Create a Leading Global Multi-Platform Content Provider, Bringing Together Endemol, Shine Group and CORE Media
14 October 2014
NEW YORK, 14 October 2014 – Hogan Lovells is pleased to announce that a cross-practice, cross-border team advised longstanding client 21st Century Fox on a joint venture with Apollo to create a leading global multi-platform content provider, bringing together Endemol, Shine Group, and Core Media.
Under the terms of the agreement, 21st Century Fox and Apollo will jointly manage the newly created group, with each owning 50 per cent. The group’s businesses will have creative operations in over 30 markets, with a diverse portfolio of over 600 formats, both scripted and non-scripted, coupled with digital, gaming, and distribution operations.
Completion of the transaction is subject to regulatory clearances and other customary closing conditions, but is expected to be completed by the end of the year.
Alex Johnson, a member of the New York Corporate/M&A practice, led the Hogan Lovells team that included lawyers from across the globe. That team included, among others, Maureen Hanlon, Mahvesh Qureshi, Michael Szlamkowicz, Phil Ehrlich, Allison Donovan, Leah Edwards, Catherine Milne, Jeff Aris, and Scott Grossman (Corporate/M&A); Tom Brassington, Peter Watts, Penelope Thornton, and Richard Diffenthal (Corporate/Entertainment – UK); Sheri Jeffrey, Jay Dougherty, Justin Johnson, Tyler Chou, Lorig Kalaydjian, and Sam Roseme (Corporate/Entertainment – U.S.); Michele Harrington and Charles Dickinson (Antitrust); Ira Sheinfeld, Jeff Tolin, Phil Altman, and Richard Basuk (Tax); and Gordon Wilson (Finance), along with support from a number of other lawyers across various offices around the globe, including London, Paris, Amsterdam, Munich, Madrid, and Rome.