Hogan Lovells’s Moscow office has advised Digital Assets on its acquisition of Zvuk, a Russian independent music streaming service.
Financial details of the transaction were not disclosed.
Digital Assets is a tech subsidiary of the Sber Bank. According to Hogan Lovells, “the Zvuk service, now rebranded into SberZvuk, will be integrated into Sber's ecosystem and will improve and complement its current services.” According to the firm, “the Zvuk services will be available to clients in Russia via popular Sber ID, a unified login which gives access to almost 100 Sber ecosystem services and partners.”
The Hogan Lovells team consisted of Partner Oxana Balayan, Senior Counsel Maria Baeva, and Associates Olga Khachikyan, Roland Novozhilov, and Anastasia Chapurina.
Hogan Lovells did not reply to an inquiry about the deal.