Modern Media Acquisition Corp.’s Merger Agreement With Akazoo Ltd.

Jones Day and Greenberg Traurig LLP advised Modern Media Acquisition Corp. Macquarie Capital acted as lead financial advisor to Modern Media Acquisition Corp. Loeb & Loeb LLP and Phanar Legal served as legal counsel to Akazoo.

Jones Day, Greenberg Traurig LLP and Macquarie Capital advised Modern Media Acquisition Corp. (NASDAQ: MMDM), a special purpose acquisition company, in its business combination with Akazoo Limited(NASDAQ: SONG), a U.K.- based digital music streaming platform specializing in emerging markets. The transaction combines Akazoo and MMDM under a new Luxembourg holding company, which is listed on the Nasdaq Stock Market under the symbol “SONG”.

The transaction values the combined company at approximately $380 million. The shareholders of Akazoo now own a majority of the public company.

Loeb & Loeb LLP and Phanar Legal served as legal counsel to Akazoo Limited. Loeb & Loeb LLP team was led by David Levine, Giovanni Caruso, Mitchell Nussbaum.

Jones Day team was led by William Rowland (Picture) and Mark Hanson.

Involved fees earner: Mark Hanson – Jones Day; William Rowland – Jones Day; Giovanni Caruso – Loeb & Loeb Llp; David Levine – Loeb & Loeb Llp; Mitchell Nussbaum – Loeb & Loeb Llp;

Law Firms: Jones Day; Loeb & Loeb Llp;

Clients: Akazoo Ltd; Modern Media Acquisition Corp;

Author: Ambrogio Visconti