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Domański Zakrzewski Palinka advised the US Scripps Networks Interactive Group in connection with the acquisition of a controlling stake of TVN shares from ITI Group and Canal+ Group. The transaction involved the acquisition by Scripps of 100% of shares in N-Vision, which at the stage of the purchase agreement settlement will hold approximately 52.7% of TVN shares. The price for 100% of shares in N‑Vision is EUR 584 million, that is approximately PLN 2.4 billion. The price includes the takeover by Scripps of debt on account of bonds issued by companies from the TVN Group, of the total value in the range of EUR 840 million.
Transaction closing is dependant upon the fulfillment of conditions precedent usual for transactions of that type, such as obtaining appropriate regulatory approvals. DZP along with the US law office Latham & Watkins LLP provided advice in connection with all legal aspects of the transaction.
Scripps Networks Interactive is one of the leading developers of engaging lifestyle content in the home, food and travel categories for television, the Internet and emerging platforms, but in Poland the company is not very well known. Its lifestyle media portfolio comprises popular television and Internet brands HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country, which collectively reach more than 190 million consumers each month.
TVN is the leading media company in Poland which broadcasts several television channels, including TVN, TTV and TVN 7 (broadcast as digital terrestrial television), and TVN 24, TVN 24 Biznes i Świat, TVN Meteo, TVN Turbo, TVN Style, iTVN, iTVN Extra, Telezakupy, Mango and NTL. The TVN group also has the VOD platform Player.pl and the news portal tvn24.pl. This year two channels are to be launched: TVN Sportive and TVN Fabuła.
The DZP lawyers who advised Scripps Networks International were Krzysztof Zakrzewski and Magdalena Skowrońska together with Wojciech Dziomdziora, Piotr Jackowski, Agata Mierzwa and Maciej Zajda.
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
The administrator of the personal data is Domański Zakrzewski Palinka Sp.k. (“DZP”; address: Rondo ONZ 1, 00-124 Warszawa). Data are processed for contact purposes and to impart information on changes to provisions and authority practices and on other issues, including events concerning day-to-day legal, economic and cultural issues, inter alia, by sending DZP newsletters. The above is carried out on the basis of legitimate interests, i.e. in accordance with art. 6(1)(f) of the GDPR. Data can also be processed where necessary for the conclusion or performance of a contract and for compliance with a legal obligation to which DZP is subject, i.e. pursuant to art. 6(1)(b) and (c) of the GDPR. Data can be transferred to entities with whose help DZP achieves the indicated aims, including entities maintaining IT infrastructure. Giving data is voluntary and in contractual relations is a requirement for concluding and performing a contract. It is possible to object to data processing, request access to, rectification and erasure of personal data or restriction of processing and data portability. Data are kept until an objection is made, and in contractual relations – throughout the term of the contract and thereafter for a period specified in provisions on archiving and limitations period for claims. Anyone has the right to file a complaint with the President of the Personal Data Protection Office. Questions concerning privacy at DZP can be sent to DZP’s Data Protection Inspector, Macieja Maciejewskiego, at: firstname.lastname@example.org.
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