New Media

Herbert Smith represented BSkyB on its acquisition of TV shopping and interactive services company Open from shareholders HSBC and Matsushita. The buyout will increase BSkyB's shareholding from 32.5 per cent to 80.1 per cent. BT will remain as a shareholder with an option to sell its stake. Corporate partner Stephen Wilkinson led a team of 10 on the deal. Bristows advised Matsushita, Allen & Overy acted for HSBC and Bird & Bird represented BT.