Acquisition

Legal Halt: Judge Temporarily Blocks The Onion’s Acquisition of Infowars Amid Auction Dispute

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A federal judge has imposed a temporary halt on the proposed acquisition of the controversial news platform Infowars by the satirical media company The Onion due to concerns surrounding the auction process. This unexpected move puts the spotlight on the legal wrangling over the ownership of Infowars, which has been mired in financial and legal troubles following a series of defamation lawsuits. The decision came after a hearing in which it was argued that the auction process for Infowars’ assets might not have been conducted fairly, raising doubts about whether all potential bidders were given … Read more

Proskauer Rose Enhances Paris Office with Strategic Acquisition of Simmons & Simmons’ Eight-Lawyer Team

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Paris, France – In a significant move within the legal sector, Proskauer Rose’s Paris office has enhanced its team by acquiring an eight-member lawyer group specializing in fund formation and secondaries from Simmons & Simmons. The team is led by seasoned partners Agnès Rossi and Marcela Moraru, who bring a wealth of experience, having collaborated for over two decades on major international fundraising and transactional operations for private investment funds across France, the U.K., and Luxembourg. Rossi and Moraru’s joint expertise spans the structuring and establishment of various types of investment funds, including mid-market and … Read more

CVC DIF Ventures Into European Data Center Market with Strategic Acquisition in Spain

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Madrid, Spain – In a significant move within the digital infrastructure industry, CVC DIF has marked its first foray into the European sector by acquiring a substantial data center portfolio in Spain. The transaction, facilitated by Linklaters, involves assets located in Madrid and Barcelona and is managed through Adam Ecotech, a leading data center operator. This strategic acquisition not only strengthens CVC DIF’s position in the digital infrastructure landscape but also propels Adam Ecotech to new heights by enabling its expansion across Spain and into the broader European data center market. The purchase is vectored … Read more

Deutsche Bank Loses Court Battle Over Alleged Underpayment in Postbank Acquisition

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Cologne, Germany – A significant legal battle reached a conclusion Wednesday as the higher regional court in Cologne ruled against Deutsche Bank in its long-standing conflict with shareholders concerning the acquisition of the German retail bank, Postbank. The controversy centered on claims from shareholders who argued that Deutsche Bank paid less than the fair value for Postbank during the consolidation of the two institutions in 2018. The dispute traces back to disagreements over the valuation methods used to determine Postbank’s price, which shareholders contested was deliberately undervalued. Deutsche Bank, a powerhouse in the financial sector, … Read more