Browne Jacobson has advised French based Dalet Digital Media Systems (Dalet), a provider of Media Asset Management (MAM) solutions, software and services for broadcasters and digital content providers, on its acquisition of Ooyala’s Flex Media Platform business.
Browne Jacobson has advised French based Dalet Digital Media Systems (Dalet), a provider of Media Asset Management (MAM) solutions, software and services for broadcasters and digital content providers, on its acquisition of Ooyala’s Flex Media Platform business.
The acquisition is valued at up to $5.5m which is being partly funded through existing cash reserves and the issuing of consideration shares. The final transaction value is also linked to future commercial performance.
The acquisition will see Dalet acquire the media logistics platform as well as the majority of Ooyala personnel across sales, marketing, software development, professional services and customer support.
Established in 2007, US based Ooyala is a leading developer of video content workflow management systems. Its market leading Flex Media Platform helps creators and distributors, including media, entertainment and sports companies, to integrate their existing systems into one platform to better manage workflows, publish, analyse and monetise their video content. Clients include, amongst others, Fox Sports Australia, HBO Asia and Sky Sports.
Headquartered in France, Dalet Digital Media Systems was founded in 1990 and provides solutions to enable broadcasters and media professionals to create, manage, and distribute content for traditional and new media channels, including interactive TV, the Web, and mobile networks. Clients include the BBC, Canal+, FOX, Warner Bros. and Time Warner Cable.
The Browne Jacobson team was led by corporate partner Richard Cox and corporate associate Victoria Hustler, and comprised Sian Harrison (Corporate), Selina Hinchliffe and Kulpreet Virdi (IP), Pavanjeet Kaur Marwaha and Dan Insole (Property) and Helen Taylor and Harry Taylor (Employment).
“We worked with the BrowneJacobson team on a successful acquisition previously and had full confidence in collaborating once again on the Ooyala Flex Media business transaction,” comments David Lasry, CEO, Dalet. “They are a dedicated and extremely hard-working team that delivers outstanding legal advice across a wide-range of topics. Richard and his colleagues look for pragmatic solutions to complex issues and are adept at driving deliverables to the finish line on time. It is a real pleasure to work with the BrowneJacobson team.”
Richard Cox added:
“We are delighted to have been instructed by Dalet on their strategic acquisition of this state-of-the-art platform.”
Other advisers to Dalet included King and Spalding LLP – France (legal), RSM (accounting and tax) and SOJE Capital LLC, who sourced and advised Dalet on the acquisition. Latham & Watkins (legal) advised Ooyala.
Browne Jacobson’s team of over 30 corporate and banking & finance lawyers deliver corporate and banking transactions across the whole range of services for domestic and international clients. They have extensive experience on major international mergers and acquisitions, private equity transactions, banking transactions and restructurings, successfully acting for all sides, from sellers, acquirers and management teams to debt providers.
In this session, we examined the legal framework around grant funded collaborations and discussed the key risks to be aware of, including IP ownership and compliance with grant terms.
Below are some of the questions we are regularly asked by startups, covering a range of topic areas.
UK law firm Browne Jacobson, which opened its first overseas office in Dublin in September, has outlined its strategic plans to grow its legal team over the next four years.
Bishopsgate Corporate Finance and law firm Browne Jacobson have jointly advised on the acquisition of award-winning tech solutions business, Custard Technical Services by US managers services and cyber security provider, Thrive.
National law firm Browne Jacobson has advised long standing retail client, Wilko on the sale and leaseback of its Nottinghamshire distribution centre in Worksop to logistics specialist DHL for £48m.
In the ongoing complex litigation between Optis Cellular Technology LLC and Apple Inc., the Court of Appeal ([2022] EWCA Civ 1411) has upheld the High Court’s findings that implementers of standard-essential patents (SEPs) cannot refuse to accept a FRAND license and continue activities in the meantime which constitute infringement: that party must commit to accept a court-determined license if it wishes to avoid an injunction.
A deepfake of Bruce Willis is advertising Russian mobile phones. Many great artistic and metaphysical questions are raised by this performance. However, this article is going to look at the intellectual property law implications, from a UK perspective.
Law firm Browne Jacobson has appointed former Vice President and Chief Planning Officer (CPO) of Aston Martin Lagonda, Nikki Rimmington as its first Non-Executive Director (NED) of its Manufacturing & Industrials sector strategy board.
The Digital Services Act (the “DSA”) has today (27 October) been given the go-ahead by the EU Council and will enter into force by early 2024.
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
Created at the end of the Brexit transition period, Retained EU Law is a category of domestic law that consists of EU-derived legislation retained in our domestic legal framework by the European Union (Withdrawal) Act 2018. This was never intended to be a permanent arrangement as parliament promised to deal with retained EU law through the Retained EU Law (Revocation and Reform) Bill (the “Bill”).
Browne Jacobson’s corporate technology dealmakers have advised Agilico, a workplace technology business, on its acquisition of Capital Document Solutions Limited for an undisclosed amount.
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £2 billion.
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
The increased use of artificial intelligence (AI) is revolutionising the way businesses operate and is having a disruptive impact in sectors that have traditionally been slow to modernise.
The Chancellor’s recent mini-budget provided a significant announcement for business as it was confirmed that the off-payroll working rules (known as “IR35”) put in place for public and private sector businesses from 2017 and 2021 will be scrapped from April 2023.
It was reported in May 2022 that the BMW-owned manufacturer had been forced to put a temporary stop on the production of all manual transmission vehicles due to the global semi-conductor shortage and the war in Ukraine. Mini stated that the move was made in order to "ensure production stability".
Browne Jacobson’s specialist cleantech lawyers have advised AIM listed Clean Power Hydrogen Group Limited (CPH2) on its licence agreement with Bentec GmbH, a member of the Kenera business of the KCA Deutag Group. Kenera will manufacture CPH2’s unique membrane-free electrolysers from its facility in Bad Bentheim, Germany.
Browne Jacobson has bolstered its commercial practice in the UK with the appointment of commercial contracts and international trade specialist, Emma Roake, into its City-based London team.
Browne Jacobson’s national private equity (PE) lawyers have advised leading mid-market PE investment firm, Palatine Private Equity (Palatine) on its exit from CTS Group, the fast-growing specialist in testing, inspection and geoengineering consulting services to the construction and infrastructure sectors.
Browne Jacobson’s corporate finance lawyers have advised leading mid-market private equity firm, LDC and management on the sale of specialist managed IT services provider, Littlefish to Bowmark Capital.
The Digital Markets Act (the “DMA”) joins the dots between competition law and data protection law and actively targets data-driven platforms. It is also a comprehensive regulation to take note of, with familiar GDPR-style fines tied to turnover.