Cyril Amarchand Mangaldas advised Collective Newsroom Private Limited (Collective Newsroom), a new Indian owned and controlled entity set up by senior employees of The British Broadcasting Corporation (BBC) in India, in connection with the acquisition of the digital news business of BBC’s subsidiary in India by Collective Newsroom and continuing arrangements with the BBC for, inter alia, production and publication of content on BBC websites,social media and for production ofTV news bulletin, translation and adaptation of BBC content into local languages, etc.
The General Corporate team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Akila Agrawal, Partner& Head – Mergers and Acquisitions, PrekshaMalik, Partner, and Ishita Khandelwal, Partner, with support from Akshay Pathak, Principal Associate, Udyan Arya Shrivastava, Senior Associate, Anusha Rai, Associate, and Daanish Dube, Associate.
Aarushi Jain, Partner& Head – Media, Education & Gaming, with support from Pooja Kapadia, Principal Associate, assisted on the transaction from a media law perspective.
Bishen Jeswant, Partner,with support from Akash Mishra, Senior Associate, and Sonam Ambastha, Associate, advised on the employment law related aspects.
SR Patnaik, Partner,with support from Reema Arya, Consultant, and Shivam Garg, Senior Associate, advised on the tax law related aspects.
Swati Sharma, Partner& Head – Intellectual Property, advised on IP and trademark related aspects.
Other advisorsto the transaction included Bharucha &Partners, acting asIndian legal counsel forBBC, Dhruva Advisors, acting as advisor for BBC and Deloitte, acting as consultant for Collective Newsroom Private Limited.
The transaction was completed on April 10, 2024, with the launch of Collective Newsroom as a new independent media organization, with BBC as its first client.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises,financial institutions,private equity and venture capital funds,start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions,sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative
Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
