Reynolds Porter scores second internet sale

Insurance specialist Reynolds Porter Chamberlain has clinched its second major internet deal in as many months with the u15m sale of website Soccernet to Walt Disney.

Disney's interactive division, Buena Vista Internet, bought 60 per cent of the site, owned by Daily Mail & General Trust, to develop its sports service.

Tim Anderson, corporate partner at Reynolds Porter Chamberlain, represented the newspaper group. He received support from Dianne Vander Cruyssen, a solicitor in media and technology, and Rachel Beaumont, a solicitor in the tax department.

Disney was represented by New York firm Dewey Ballantine.

Herschel Wein, a tax partner at Dewey Ballentine's New York office, headed up a five-strong team which included four associates based in London.

In July this year, Reynolds Porter Chamberlain acted for Associated Newspapers on its u15m acquisition of a 50 per cent stake in the internet service provider from Arcadia.