Trilegal Advised Times Internet On Investment By Dream11 Into Cricbuzz And Willow TV
Trilegal advised Times Internet Limited (“TIL”) and Times Internet (UK) Limited in connection with the investment made by Sporta Technologies Private Limited (“Dream11”) into the Cricbuzz and Willow businesses, owned and controlled by TIL (“Transaction”).
Cricbuzz is one of the leading cricket scoring and content platforms in India with over 185 million monthly users. Willow is a leading broadcasting and live streaming platform for cricket in the United States, Middle East, and Southeast Asia.
The Transaction involved an equity investment by Dream11 through a combination of primary and secondary investments in the target entities holding the Cricbuzz and Willow businesses.
The Trilegal team advising on the matter comprised Nikhil Sachdeva (Partner), Mayank Malhotra (Counsel), Sindhujaa Nayak (Senior Associate), and Sidharth Pattnaik (Associate) from the Corporate team; Kirti Balasubramanian (Partner) and Rimjhim Mishra (Associate) from the Intellectual Property team; Apeksha Mattoo (Partner) and Rina Goyal (Counsel) from the Labour and Employment team; Jyotsna Jayaram (Partner), Prabal De (Senior Associate), and Karthik Rai (Associate) from the Technology, Media and Telecommunications team; and Rudresh Singh (Partner), Divye Sharma (Counsel), and Rishitosh Akshaya (Associate) from the Competition team.
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