Maddocks advised Barry Kogan and Jonathan Henry, partners of McGrathNicol, the administrators of cloud-based broadcasting platform MediaCloud, on its sale to Telstra Broadcast Services Pty Limited, a Telstra Corporation subsidiary.
The MediaCloud platform is used for the preparation and delivery of media content to numerous broadcasters in Australia, including SBS, for its content delivery.
Under the deal, Telstra Broadcast Services has purchased the business and assets of MediaCloud and also from its parent entity in the UK.
The Maddocks team on the matter was led by Restructuring and Insolvency partner Danielle Funston (Picture) and special counsel Andrew Ng. The team also included Duncan Hall, Maree Skinner and Bernardo Wood.
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