DLA Piper advises ZASH in its acquisition of Lomotif
DLA Piper represented ZASH Global Media and Entertainment Corporation in its acquisition of Lomotif Private Limited, a Singapore-based top video-sharing social networking platform.
The closing of ZASH’s acquisition of Lomotif is scheduled to occur concurrently with the closing of ZASH’s merger and business combination with Vinco Ventures, Inc. Upon completion of the merger between ZASH and Vinco, ZASH will become a public company and controlling shareholder of Vinco, making Lomotif one of the top global, pure play video-sharing social networking platforms to be owned by a US publicly traded company, competing with TikTok and Kuaishou in the space.
“We brought together our extensive experience handling media and entertainment M&A transactions and our creative, business-oriented approach to effectively complete this acquisition for ZASH, which will enable our client to expand its impressive content and distribution plans in the US market and around the world,” said Tom Ara, co-chair of DLA Piper’s Entertainment Transactions and Entertainment Finance practices and the partner who led the firm’s deal team that is also representing ZASH in its merger with Vinco.
In addition to Ara, the DLA Piper team representing ZASH included partner (both of Los Angeles).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket.
DLA Piper's market-leading international team of media, sport and entertainment lawyers, located throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, advises on finance, borrowing, investment and corporate issues, production and rights acquisitions, exploiting media rights, staging and exploiting live sports and other events, intellectual property protection and enforcement, regulatory and administrative issues, antitrust and competition law, stadium and arena development and on the resolution of disputes.