"Clifford Chance Advises Hearst on Strategic NFL-ESPN Investment Deal"

"Clifford Chance is advising Hearst Corporation on a strategic investment transaction involving the NFL and ESPN. The NFL will exchange its Network and certain rights for a 10% stake in ESPN, which is co-owned by Disney and Hearst. The deal has been approved by Disney, Hearst, and NFL member clubs, pending regulatory clearances."

Clifford Chance is advising The Hearst Corporation, a co-owner of ESPN alongside The Walt Disney Company, on a strategic investment transaction involving the National Football League (NFL). In this transaction, the NFL will exchange the NFL Network and certain rights to its RedZone and NFL Fantasy properties for a 10% ownership interest in ESPN. The deal has been approved by Disney, Hearst, and the NFL's member clubs, but remains subject to regulatory clearances. The Clifford Chance team is led by Capital Markets partner Kathleen Werner, with support from Antitrust partners Brian Concklin and Leigh Oliver, and Tax partner Philip Wagman.

"Clifford Chance Advises Hearst on Strategic NFL-ESPN Investment Deal"

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