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30 October 2020

Red Ventures, based in Charlotte, North Carolina, U.S., a portfolio of more than 100 digital brands, has acquired the global CNET Media Group business, an expansive portfolio of digital brands in the areas of media, entertainment, lifestyle and games information, from New York based ViacomCBS for USD 500m. The transaction closed on 30 October 2020.

VISCHER advised Red Ventures regarding the Swiss legal aspects of this transaction whereas K&L Gates acted as lead counsel. The VISCHER team led by partner Dr. Robert Bernet (Corporate/M&A) comprised Dr. Peter Kühn (Counsel, Corporate/M&A), Michel Stübi (Associate, Cor-porate/M&A), Aleksandra Simic (Junior Associate, Corporate/M&A), Gian Geel and Jeannine Dehmelt (Associates, Employment).