Go2Law has advised Kopernikus Corporation, owned by Srdjan Milovanovic, on its acquisition of TV Prva and TV O2 in Serbia and Montenegro from the Antenna Group. Zivkovic Samardzic, working with EY and Clifford Chance, advised Antenna Group on the sale.
The Antenna Group, which owns Prva TV, O2 TV, Prva TV Montenegro, Play Radio, six cable channels and the Prva.rs, o2tv.rs and b92.net web portals sells media operations in Serbia and Montenegro for EUR 180 million. The change of the ownership rights is now before the regulatory authority of Serbia.
At the end of 2009, the Antenna Group took over Fox television in Serbia, and in September 2010 changed its name to Prva Srpska Televizija. At the time of the purchase of Fox television in Serbia in 2009, the station had only four percent of the market share, and today, eight years after investments and continuous expansion of the business, the company has 45 percent of the market share.
Kopernikus, which was established in 1998, provides cable television and broadband services through cable and optical internet facilities.
The Antenna Group, which was founded in 1988, is an international media group with a portfolio of various media operations in over 20 countries in Europe, North America, and Australia.
Go2Law's work on the deal was managed by Hugh Owen.
The Clifford Chance team consisted of London-based Partner Mark Poulton, Senior Associate Jennifer Mbaluto, Lawyer Barry Cahill, and Trainee Solicitor Hannah Collins.
Editor's Note: After this article was published Zivkovic Samardzic informed CEE Legal Matters that its team consisted of Partners Nebojsa Samardzic, Branislav Zivkovic, and Igor Zivkovski, and Senior Associate Sava Pavlovic.