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Lawin Advises IAC on Acquisition of ASK.FM Social Networking Site

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Lawin's Riga office has advised the international digital media company IAC on the acquisition of the popular social networking website Ask.fm.  

According to Lawin, Ask.fm, which was established in 2010 and is based in Riga, is the "ninth most popular networking site in the world”, and is mainly used as an online tool for exchange of questions and answers and questions among users.

The U.S. media group IAC owns such Internet brands as "Vimeo", "Dictionary.com", "Investopedia", "Match", "OkCupid", and “Tinder".

Lawin's assistance included performing due diligence, advising on the share acquisition, participating in negotiations with the sellers, and preparing closing documents. The firm continues advising IAC on changes in the management of the company and ensuring further business operations. 

The Lawin team was led by Partner Filips Klavins and Senior Associate Sarmis Spilbergs.

Editorial Note: After this article was published, the Latvia office of the Fort Law Firm announced that it advised ASK.fm on this deal.