New York, N.Y. (June 7, 2021) – Proskauer, a leading international law firm, today announced that it represented longtime client Discovery in the sale of the Great American Country Network (GAC) to GAC Media, a newly formed group of U.S.-based investors led by Hicks Equity Partners and multiple U.S.-based family offices. GAC offers music and lifestyle programming and reaches around 40 million TV households.
Proskauer has represented Discovery for more than a decade in numerous strategic acquisitions, sales and joint ventures. Most recently, Proskauer served as an advisor to Discovery in connection with its agreement with AT&T to combine Discovery with AT&T’s WarnerMedia assets to create a premier, standalone global entertainment company.
The Proskauer team advising Discovery was led by partner and Mergers & Acquisitions Group co-head Lauren Boglivi and partner and Technology, Media & Telecommunications Group co-head Rob Freeman, and also includes partner Richard Corn (Tax), partner Andrea Rattner (Employee Benefits & Executive Compensation) and associates Andrew Santimays and Jordan Shelton (Mergers & Acquisitions).
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