Molotov SAS and the US group fuboTV Inc., the leading sports-oriented live television streaming platform listed on the NYSE, have signed an agreement to acquire France's number one live streaming television company. By joining fuboTV, Molotov will become the European hub for the group's operations.
Completion of the transaction remains subject to customary regulatory conditions and is scheduled for the first quarter of 2022 at the latest.
Founded by Jean-David Blanc (founder of AlloCiné) and Pierre Lescure (co-founder of Canal+), Molotov is a streaming platform that is revolutionizing access to television, available on all screens and connected devices. Molotov has, after five years of existence, more than 16 million users, making it the French leader in the distribution of streaming programs.
FuboTV is the leading sports-first live TV streaming platform and already operates in the U.S., Canada, Spain.
Following the transaction, Molotov will remain based in Paris and managed by its co-founder and current CEO, JeanDavid Blanc.
As part of this deal, the main shareholders of Molotov were jointly advised by Scotto Partners with a team lead by Coralie Oger (partner) accompanied by Anaïs Pinton and Tania Lozano in corporate / M & A, Jérôme Commerçon (partner) accompanied by Martine Le Roux for tax aspects as well as Bertrand Thibaut (counsel) and Alban Tourneux in employment law.
As part of this deal, the main shareholders of Molotov were jointly advised by Scotto Partners with a team lead by Coralie Oger (partner) assisted by Anaïs Pinton and Tania Lozano as to corporate/M&A matters, Jérôme Commerçon (partner) assisted by Martine Le Roux for the tax-related aspects as well as Bertrand Thibaut (counsel) and Alban Tourneux on employment law.
Other legal advisors:
fuboTV was advised by Jeantet. Gide Loyrette Nouel advised Eurazeo.
Weil Gotshal & Manges advised NJJ. Molotov SAS was advised by McDermott Will & Emery.