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Nine makes Winning acquisition
Gilbert + Tobin has advised Nine on its acquisition of Win's Adelaide television station and an option to buy Channel 9 Perth.
Digital
Firms: Gilbert + Tobin (Nine Entertainment Co); Atanaskovic Hartnell (Win Corporation); Allens (UBS)
Area: Corporate/ M&A
Value: Undisclosed
Key players: G+T’s corporate advisory partner Rachel Launders (pictured) led the transaction fon Nine and was supported by lawyer James Law. Partners John Atanaskovic and Jon Skene led the transaction for Win Corporation and were supported by Jeremy Kriewaldt
Deal significance: Gilbert + Tobin advised Nine on the acquisition of Win’s Adelaide television station and an option to buy Channel 9 Perth, also owned by a company associated with the Win Corporation. Together, these acquisitions will expand Channel Nine’s metropolitan free-to-air network to cover all major capital cities. Nine’s acquisition coincides with its securing of the broadcasting rights to international cricket played in Australia. In the last 12 months, G+T has also advised Nine on securing NRL broadcast rights, the sale of the ACP Magazines business and its recent debt restructure by a scheme of arrangement. Atanaskovic Hartnell advised Win Corporation (Australia’s largest commercial television network), with whom they have a longstanding relationship, having advised WIN on the separate acquisitions of Channel 9 Adelaide and Channel 9 Perth in 2007. As part of the transaction, WIN and Nine renewed their longstanding affiliation agreement under which Nine’s program schedule is broadcast throughout the WIN network.
