Media & new media

Advisers (THLi) to inject £32.5m to fund its internet businesses, beeb.com and freebeeb.net, focusing particularly on key technological developments. Subsidiary company beeb Ventures has also been formed and is valued at £240m. Commercial partner Selina Potter, corporate partner Adrian Bott and taxation partner Mark Joscelyne led a team of three on the transaction. THLi was represented by Skadden Arps Slate Meagher & Flom.