DZP has advised the Polish broadcaster TVN on the sale of 100% of shares of Mango-Media sp. z o.o. to Studio Moderna Polska sp. z o.o.
Mango-Media specializes in telemarketing and the online sales of goods.
According to DZP, "the sale was concluded after months of negotiations between the two parties. The deal included deferred payment structure, agreements on cooperation between the target (comparatively new company) and seller’s group following the completion, non-competition and non-solicitation legal matters. The sale will allow the broadcaster, which is owned by Scripps Networks Interactive, to consolidate its portfolio and focus on the development of its core business."
The DZP team was led by Partner Magdalena Skowronska, supported by Maciej Zajda and Katarzyna Biarda.