Hogan Lovells Advises News Corporation on Acquisition of Shine Group
24 February 2011
LOS ANGELES, 24 February 2011 – Hogan Lovells is advising News Corporation on the proposed acquisition of Shine Group, the international television production group. News Corporation has announced its intent to acquire Shine Group Limited for an enterprise value of £415 million ($673 million). The parties will now proceed with the regulatory filings required for the transaction, while continuing to negotiate the final terms of a definitive agreement. "We are very pleased to be advising News Corporation on this acquisition," said Stephen H. Kay, Managing Partner of Hogan Lovells' Los Angeles office. "We have assisted News Corporation with previous strategic transactions and are excited to have the opportunity to do so again."
Shine Group boasts some of the most respected and prolific production companies in the worlds of scripted and non-scripted television, now numbering 25 across three continents.
News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other.
Hogan Lovells offers an outstanding international transactions capability, that includes critical mass in Europe and the United States. Our global presence allows us to structure, negotiate and implement highly complex cross-border transactions on behalf of our clients. The Hogan Lovells team advising News Corporation was led by corporate partner Stephen H. Kay; tax advice was provided to News Corp by Hogan Lovells New York partners Ira Sheinfeld and Philip Altman. This cross-border transaction has involved other attorneys from Hogan Lovells' offices in Los Angeles, New York, Washington, D.C., London, Paris, and Berlin.