Brandl Talos has advised Sportradar Group AG on the formation of a joint venture with Ringier AG. Reportedly, Bowmans and Baer & Karrer also advised the Sportradar Group, and Webber Wentzel advised Ringier on the deal.
Closing of the transaction is contingent on regulatory approval.
Sportradar Group is a provider of sports data and content. Ringier is a Swiss technology and media company.
According to Brandl Talos, “the joint venture aims at bringing sports closer to fans in Africa, a dynamic and emerging region in the global sports industry. It combines Ringier’s media expertise with Sportradar’s sports data and product portfolio and builds on a long-standing relationship of collaboration and innovation between the two Swiss-based companies. In the joint venture, Sportradar and Ringier are backing the pan-African media company Pulse, already part of the Ringier portfolio.”
Last year, Brandl Talos advised Sportradar Group on a ten-year partnership with the NHL (as reported by CEE Legal Matters on July 8, 2021) as well as the acquisitions of InteractSport, (as reported by CEE Legal Matters on May 24, 2021), Synergy Sports (as reported by CEE Legal Matters on March 30, 2021), and Fresh Eight (as reported by CEE Legal Matters on March 18, 2021).
Brandl Talos’ team included Partner Thomas Talos, Attorneys Stephan Strass and Daniel Schmidt, and Associate Celine Dobnikar.