Kew Media Group Concurrently Acquires Eleven Companies to Create a Global Media Platform - the First Qualifying Acquisition by a Specialty SPAC in Canada
Goodmans LLP represented Kew Media Group Inc. (TSX: KEW) (Kew), a special purpose acquisition corporation (SPAC), in its creation of one of the world’s most significant independent content platforms by directly acquiring six companies - Content Media Corporation plc, Architect Films Inc., Bristow Global Media Inc., Frantic Films Corporation, Media Headquarters Film & Television Inc. and Our House Media Inc. – and indirectly acquiring control of Aito Media Oy, Campfire Film & Television LLC, Collins Avenue Productions LLC, Jigsaw Productions LLC and Spirit Digital Media Limited.
This is the first SPAC qualifying acquisition in the world with more than three concurrent acquisitions.
On closing of the qualifying acquisition, Kew will have primary offices in Toronto, London, Los Angeles, New York and a library of over 6,000 hours of premium content sold in over 150 countries on almost every available viewing platform.
Concurrently with the closing of the qualifying acquisition, Kew completed a private placement and took up approximately 97.55% of the shares of Content Media Corporation plc by way of a takeover offer, with the remaining shares to be taken up upon the completion of a compulsory acquisition expected to occur shortly after April 20, 2017.
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