Freshfields, RPC and Bird & Bird act on Daily Mail's sell-off of Jobsite to StepStone
Freshfields Bruckhaus Deringer, RPC and Bird & Bird have acted on the sale of the Daily Mail and General Trust's (DMGT) jobs website to StepStone.
May 23, 2014 at 08:09 AM
2 minute read
Freshfields Bruckhaus Deringer, RPC and Bird & Bird have acted on the sale of the Daily Mail and General Trust's (DMGT's) jobs website to StepStone.
RPC advised long-standing client DGM Media – the consumer media arm of DMGT – on the deal. The team was led by head of corporate Tim Anderson.
Freshfields advised the Axel Springer publishing group, which owns online jobs board StepStone, on corporate matters. London co-head of M&A Ben Spiers (pictured) led the team.
Bird & Bird also acted for Axel Springer on the technology side.
The sale of the Jobsite platform is the final part of DMG Media's disposal of its Evenbase brand – a digital recruitment group. The aggregate consideration for the Evenbase sale is expected to be £150m.
Completion of this latest transaction is subject to approval by the Competition and Markets Authority.
Commenting on the deal Anderson said: "We managed to complete the disposal of Evenbase in just under three months reflecting increased market confidence that seemed to begin at the start of 2014. This deal represents a turning point for DMGT as it exits the digital recruitment market."
The other Evenbase businesses sold earlier this year were OilCareers, Broadbean and Jobrapido.
The Jobsite sale comes as DMGT announced its plan to list property search website, Zoopla on the London Stock Exchange in June.
- Should your law firm be doing more to keep you? Click here to provide confidential feedback in Legal Week Intelligence's annual employee satisfaction survey.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Trio Of Firms Bag Roles In JSW Energy’s $1.5B Acquisition In India
Ropes & Gray, Willkie Farr, KWM, Dechert Act on Xerox's $1.5B Buy in China
Freshfields, MoFo Act on $1.8B TOPPAN Deal As Japan's US Buying Spree Continues
Trending Stories
- 1Topping Kirkland, Weil Won the Most Valuable Major Bankruptcy Retentions of 2024
- 2Judicial Ethics Opinion 24-89
- 3It's Time To Limit Non-Competes
- 4Jimmy Carter’s 1974 Law Day Speech: A Call for Lawyers to Do the Public Good
- 5Second Circuit Upholds $5M Judgment Against Trump in E. Jean Carroll Case
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
