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Emerald Media, a pan-Asian media investment platform set up by US private equity giant KKR, has invested $50 (Rs.332 crore) million to buy a significant minority stake in YuppTV.
Nishith Desai Associates acted for Emerald Media and the team was led by Co-Head of the Private Equity and M&A Practice – Simone Reis, along with Senior Associate Kartik Maheshwari and Associate Rishabh Sharma.
O’Melveny & Myers LLP acted as International legal counsel for Emerald with a team led by Partner Tobias Knapp.
Gibson Dunn Partner Rashida K. La Lande acted for YuppTV, an over-the-top (OTT) video platform for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe.