Simpson Thacher Represents Blackstone in Indian Media Company Investment
04.12.10
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Simpson Thacher is representing The Blackstone Group in connection with its investment of INR 2.25 billion (approximately $50 million) in Jagran Media Network Private Limited. Jagran Media will hold a majority share of Jagran Prakashan Limited, a leading Indian media company whose flagship newspaper, Dainik Jagran, is the most widely read in the world, with a total readership of 54.6 million across 37 editions.
The Simpson Thacher team working on the transaction includes: Mike Wolfson, Patrick Naughton and Ferish Patel (M&A); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Meredith Jones and SeoJung Park (Tax).