DLA Piper has advised Seven West Media (ASX:SWM) on its acquisition of Southern Cross Media Group Limited’s (ASX: SXL) television licenses and associated assets operating in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa and Remote, Central and Eastern Australia.
The acquisition largely completes Seven West Media’s national broadcast network and opens new markets to Seven.
The cross-practice DLA Piper team was led by M&A partner David Holland, who was supported by senior associates Conor Dolphin and solicitors Donna Kwon and Andrew Bell (all Corporate). Real Estate counsel was provided by partner Stephanie Lambert, senior associate Winnie Liang and solicitor Jordan Brewer. Tax guidance was provided by partner Eddie Ahn.
David Holland said: “This is an important strategic acquisition for Seven West Media, which not only completes their national broadcast footprint but also positions them strongly to expand into new regional markets.”
“Our team worked closely with both parties to navigate the complexities of this deal, ensuring a smooth process and a transaction that is immediately accretive to Seven West Media’s earnings,” David added.