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Jenner & Block is representing Prometheus Global Media in the acquisition of substantially all of the assets of Mediabistro, Inc. (MBIS), a NASDAQ-listed internet media company and service provider for social media, traditional media and creative professionals. The acquisition includes all of Mediabistro’s existing editorial and content sites, as well as its e-commerce, jobs and education platforms.
The multidisciplinary firm team was led by corporate Partners Tobias L. Knapp and Jeffery D. Larson and Associate Andrew M. Banks and included Partners Adam Petravicius and Gianni P. Servodidio on intellectual property issues, Partner S. Tony Ling on employee benefits matters, and Partner Alexandra E. Dowling and Associate Leah G. Beitner on tax issues.
Prometheus Global Media is the owner of The Hollywood Reporter, Billboard, Adweek, the Clio Awards and the Film Expo Group. The transaction, which is subject to the approval of Mediabistro’s stockholders, is expected to close during the third quarter of this year.