Simpson Thacher Represents KKR in A$4 Billion (US$3.1 Billion) Media Joint Venture with Seven Network Limited
11.27.06
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On November 20, 2006, Kohlberg Kravis Roberts & Co. L.P. (“KKR”) announced the execution of definitive agreements for the formation of a joint venture with the Australian media company, Seven Network Limited ("Seven", listed on the Australian Stock Exchange under the symbol "SEV"). This new joint venture, valued at A$4.0 billion (or approximately US$3.1 billion) will include certain television, magazines and online businesses previously operated by Seven and will be KKR and Seven's vehicle to pursue additional media opportunities in Australia and New Zealand.
The global team of STB attorneys who are working on this transaction include: Patrick Naughton, Anthony Choi and Jae-Hak Kim in Hong Kong, Tony Keal in London, and Steve Todrys, Lori Lesser and Kirstie Howard in New York.