Wynn Williams advises on acquisition of outside broadcasting assets
Wynn Williams has advised global broadcasting and production business NEP Group on its acquisition of Sky Network Television’s outside broadcasting assets. As part of the transaction NEP’s New Zealand operating business will be Sky’s technical production partner for the next ten years. The deal remains subject to regulatory approvals under the Commerce Act and Overseas Investment Act.
Corporate partners Stephen Lowe
and Ash Hill
led the transaction, supported by senior associate Penny Birch
. Hill commented that the transaction “included some interesting and challenging issues in the context of both Covid-19 and the changing nature of the broadcasting industry
” and Lowe congratulated the parties on “ the pragmatic approach they took to negotiating a complex set of agreements in challenging circumstances
NZX Announcement: https://www.nzx.com/announcements/357802