Closing of the transaction is subject of certain customary conditions and is expected to occur shortly.
The joint venture aims at bringing sports closer to fans in Africa, a dynamic and emerging region in the global sports industry. It combines Ringier’s media expertise with Sportradar’s sports data and product portfolio and builds on a long-standing relationship of collaboration and innovation between the two Swiss-based companies. In the joint venture, Sportradar and Ringier are backing the pan-African media company Pulse, already part of the Ringier portfolio.
The BRANDL TALOS deal team consisted of Thomas Talos, Stephan Strass, Daniel Schmidt and Céline Dobnikar.
Bowmans advised on aspects of the relevant African jurisdictions and Bär & Karrer AG provided advice on Swiss-law aspects. Ringier was advised by Webber Wentzel.