The Hogan Lovells team which recently jumped ship to launch a German office for Morrison & Foerster (MoFo) has won its first M&A instruction since moving, advising Axel Springer on the acquisition of 24-hour news station N24 Media.
Partners Christoph Wagner and Hanno Timner are leading MoFo’s advice on the transaction, announced on Monday (9 December). Under the terms of the deal, which is still subject to regulatory approval, Axel Springer will merge N24 with its newspaper group Welt to form one of the largest German-speaking multimedia editorial teams.
The value of the deal was not disclosed, but N24 employs 300 people and is Germany’s largest independent media group.
Milbank Tweed Hadley & McCloy is representing N24 in the transaction. Its team is led by Munich partners Norbert Rieger, Rolf Fueger and Alexander Rinne, supported by Frankfurt counsel Andrea Eggenstein and Munich associates Christina Correll, Carlo Scheiternig and Matthias Schell.
The MoFo team also includes counsel Clemens Waitz and Kristina Ehle and associates Sebastian Schwalme, Harm-Randolf Döpkens, Karoline Boullay, Jens Hackl, Felix Helmstädter and Hilmar Hamm.