Deals/M&A

PwC advises DFL on acquiring stake in startup ryghts GmbH

Nuremburg/Munich, September 4th 2019.

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfergesellschaft (PwC) have provided legal and commercial advice to DFL Deutsche Fußball Liga e.V. (DFL) on acquiring an equity interest in the founding of the startup ryghts GmbH.

The startup ryghts GmbH, a joint venture between DFL under its “DFL for Equity” startup programme and the Cologne-based company Athletia, was set up to trace and suppress illegal broadcasts of football games on the internet. DFL hopes that acquiring a stake in ryghts GmbH and working together with the company will achieve far better clear-up rates of illegal broadcasts than has been the case with previous partners. DFL will acquire a 15% stake in ryghts GmbH.

The Cologne-based company Athletia has a successful track record, going back many years, of tracing and removing illegal recordings on the internet and social media platforms such as Facebook and YouTube.

Advisors to DFL

PwC Legal (Nuremberg):
Gerhard Wacker (team lead), Christian Heigl (both Corporate/M&A)

PwC (Munich):
Dr Michael Kramer and Daniel Pflaum (Advisory – Transactions)

About PwC Legal:

In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.

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About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

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