|Deals & Matters|
|10 September 2016|
Indian media conglomerate Zee Entertainment has acquired “HUM FM” one of the UAE’s oldest radio station, for an undisclosed sum. Almost two decades old, HUM FM enjoys a market share of about 26% and is the most popular Hindi radio station in the UAE. Consequent to this acquisition, Zee has become one of the few networks in the region to have media presence across television, radio and digital media.
The Firm worked closely with Zee Entertainment Dubai and its in-house legal team from India advising on all aspects of the acquisition including licensing and regulatory matters, structuring of the transaction, preparation of contractual documentation and negotiations.
The transaction reinforces the Firm’s robust M&A and Media practice and highlights its unique position as one of the leading transactional law firms in the region.