Vizrt’s Acquisition of NewTek

Sidley represented Tim Jenison, the founder and sole shareholder of NewTek on the deal

Vizrt, the world’s leading provider of visual storytelling tools for media content creators, has acquired NewTek, world leader in IP-based, software-driven live video production solutions. The acquisition creates the largest company in the broadcast space that is dedicated to enabling IT based video production. The goal is to make it possible for people to tell their story using video, whether they are a kid in a classroom or a tier-1 broadcaster.

The combined companies emerge as the driving force in the transition to IP video for live production with NDI® and SMPTE 2110, with each serving different needs. The company will deliver flexible end-to-end workflows for all levels of production and software-based products and services for media, sports, entertainment, education, enterprise, and esports.

Sidley represented Tim Jenison with a team led by Josh DuClos (Picture).

Involved fees earner: Joshua DuClos – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Tim Jenison;

Author: Ambrogio Visconti