HT Media’s Acquisition of Mosaic Media Ventures

Alpha Partners advised HT Media Limited on the deal, while Shardul Amarchand Mangaldas represented NewsCorp.

HT Media completed the acquisition of Mosaic Media Ventures, the company which operates business news platform VCCircle and tech news platform TechCircle, according to a regulatory filing on Wednesday.

As part of the deal, HT Media will invest upto Rs 6 crore, and an additional “revenue linked milestones payment” of upto Rs 1 Crore on deferred basis, to acquire 100% of paid- up share capital of Mosaic Media. The acquisition will be completed by the end of August, the company said.

Alpha Partners team was led by partner Akshat Pande (Picture), senior associate Richa Bhagat and associates Shreya Solenkey and Sankalp Srivastava.

Shardul Amarchand Mangaldas’ team was led by partner Aayush Kapoor and associates Meghna De and Paavani Gupta. The indirect tax advisory was led by Rajat Bose, Partner; Ankita Bhasin, Principal Associate; and Atulya Kishore, Senior Associate. The direct tax advisory team was led by Amit Singhania, Partner; Gouri Puri, Partner; and Suyash Sinha, Senior Associate. The IP Law Advisory was led by Apoorva Murali, Senior Associate. The employment law advisory was led by Pooja Ramchandani, Partner; Kriti Kaushik, Principal Associate; and Vaibhav Bhardwaj, Principal Associate.

Involved fees earner: Richa Bhagat – Alpha Partners; Akshat Pande – Alpha Partners; Shreya Solenkey – Alpha Partners; Sankalp Srivastava – Alpha Partners; Vaibhav Bhardwaj – Shardul Amarchand & Mangaldas & Co.; Ankita Bhasin – Shardul Amarchand & Mangaldas & Co.; Rajat Bose – Shardul Amarchand & Mangaldas & Co.; Meghna De – Shardul Amarchand & Mangaldas & Co.; Paavani Gupta – Shardul Amarchand & Mangaldas & Co.; Aayush Kapoor – Shardul Amarchand & Mangaldas & Co.; Kriti Kaushik – Shardul Amarchand & Mangaldas & Co.; Atulya Kishore – Shardul Amarchand & Mangaldas & Co.; Apoorva Murali – Shardul Amarchand & Mangaldas & Co.; Gouri Puri – Shardul Amarchand & Mangaldas & Co.; Pooja Ramchandani – Shardul Amarchand & Mangaldas & Co.; Amit Singhania – Shardul Amarchand & Mangaldas & Co.; Suyash Sinha – Shardul Amarchand & Mangaldas & Co.;

Law Firms: Alpha Partners; Shardul Amarchand & Mangaldas & Co.;

Clients: HT Media Limited; News Corp;

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Author: Michael Patrini