Schoenherr has advised Swiss-based media company Ringier on the acquisition of a majority stake in Bulgarian sports news portal z Sportal Media Group – and an affiliated IT company behind the international Sports Content Management System, Sportal365 – Digital Ventures OOD. Jordanov, Valkov & Partners advised the seller, Mr. Angel Stoyanov Shishkov, on the deal.
Sportal Media Group ranks among the largest internet media groups in Bulgaria, operating digital properties in categories such as sports, news & politics, business, lifestyle, e-commerce and services as well as over 45 social media channels. The Sportal Media Group's most significant digital brands are Sportal.bg, Novini.bg, and Profit.bg.
Digital Ventures is active in the development of content management systems for the sports sector. The company owns Sportal365, a publishing platform for sports content that specializes in news, image galleries and videos, live statistics, and live results from the sports sector.
Schoenherr’s team included Bulgaria-based Partner Alexandra Doytchinova, Attorneys Stela Pavlova-Kaneva, Radoslav Chemshirov, Ivelina Vassileva, and Galina Petkova, and Associate Kristina Chakarova and Serbia-based Partner Srdjana Petronijevic and Attorney Minela Sehovic.
Jordanov, Valkov & Partners's team included Managing Partner Jordan Jordanov and Partner Deyan Savov.