Magic Moments Internet's name change to Host Europe reflects its expansion across Europe. Its latest acquisition involves German-based One 2 One Advertising & Telecommunications. It is the first time that Eversheds has acted for the AIM-listed internet company. The firm originally advised WebFusion which was bought by Magic Moments in May last year. On this latest transaction the firm put in place a complex deal whereby Magic Moments will buy a 51 per cent stake in One 2 One Advertising & Telecommunications but will have a put-and-call option, whereby it can purchase the remaining stake dependent on how the part-owned subsidiary fairs under its new owner. Magic Moments has also entered into a strategic partnership with Atlantic Telecom Group which will pay out £2.5m for a 6.4 per
cent stake in the company.